Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$231,955$229,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$1,550.70$1,589.01
2nd payment$0.00$0.00
Taxes / mo$256.06$256.06
Insurance / mo$150.00$150.00
MI / mo$109.13$45.90
HOA / mo$0.00$0.00
Total monthly$2,065.89$2,040.97
Cash to close$23,045$25,500