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$255,955$234,450
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,506.91$1,623.28
2nd payment$0.00$0.00
Taxes / mo$264.17$264.17
Insurance / mo$150.00$150.00
MI / mo$193.73$46.89
HOA / mo$59.00$59.00
Total monthly$2,173.81$2,143.34
Cash to close$4,545$26,050