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$286,583$225,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$1,955.72$1,557.85
2nd payment$0.00$0.00
Taxes / mo$238.26$238.26
Insurance / mo$150.00$150.00
MI / mo$135.41$45.00
HOA / mo$100.00$100.00
Total monthly$2,579.40$2,091.12
Cash to close$0$25,000