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$256,284$247,410
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$1,708.57$1,713.02
2nd payment$0.00$0.00
Taxes / mo$259.38$259.38
Insurance / mo$150.00$150.00
MI / mo$120.86$49.48
HOA / mo$186.00$186.00
Total monthly$2,424.81$2,357.88
Cash to close$18,616$27,490