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$251,742$238,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$1,658.26$1,651.33
2nd payment$0.00$0.00
Taxes / mo$253.63$253.63
Insurance / mo$150.00$150.00
MI / mo$117.06$47.70
HOA / mo$340.00$340.00
Total monthly$2,518.95$2,442.65
Cash to close$13,258$26,500