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$247,729$242,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.200%7.400%
Blended rate7.750%7.640%
1st payment$1,732.88$1,681.86
2nd payment$0.00$0.00
Taxes / mo$287.92$287.92
Insurance / mo$150.00$150.00
MI / mo$117.01$48.58
HOA / mo$110.00$110.00
Total monthly$2,397.80$2,278.36
Cash to close$22,171$26,990