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$231,963$219,600
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$1,559.90$1,520.47
2nd payment$0.00$0.00
Taxes / mo$191.50$191.50
Insurance / mo$150.00$150.00
MI / mo$108.01$43.92
HOA / mo$0.00$0.00
Total monthly$2,009.41$1,905.89
Cash to close$12,037$24,400