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$233,327$229,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,540.31$1,589.01
2nd payment$0.00$0.00
Taxes / mo$416.01$416.01
Insurance / mo$150.00$150.00
MI / mo$108.18$45.90
HOA / mo$0.00$0.00
Total monthly$2,214.50$2,200.93
Cash to close$21,673$25,500