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$244,494$238,410
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$1,620.00$1,650.70
2nd payment$0.00$0.00
Taxes / mo$625.67$625.67
Insurance / mo$150.00$150.00
MI / mo$114.71$47.68
HOA / mo$276.00$276.00
Total monthly$2,786.38$2,750.05
Cash to close$20,406$26,490