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$287,743$225,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$1,938.60$1,557.85
2nd payment$0.00$0.00
Taxes / mo$433.49$433.49
Insurance / mo$150.00$150.00
MI / mo$135.19$45.00
HOA / mo$255.00$255.00
Total monthly$2,912.28$2,441.35
Cash to close$0$25,000