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$239,163$238,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$1,603.56$1,651.33
2nd payment$0.00$0.00
Taxes / mo$501.20$501.20
Insurance / mo$150.00$150.00
MI / mo$112.51$47.70
HOA / mo$0.00$0.00
Total monthly$2,367.26$2,350.22
Cash to close$25,837$26,500