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$264,443$207,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,769.18$1,433.23
2nd payment$0.00$0.00
Taxes / mo$247.75$247.75
Insurance / mo$150.00$150.00
MI / mo$125.53$41.40
HOA / mo$90.00$90.00
Total monthly$2,382.46$1,962.38
Cash to close$0$23,000