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$241,324$224,910
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$1,608.47$1,557.23
2nd payment$0.00$0.00
Taxes / mo$540.83$540.83
Insurance / mo$150.00$150.00
MI / mo$112.51$44.98
HOA / mo$0.00$0.00
Total monthly$2,411.81$2,293.05
Cash to close$8,576$24,990