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$229,227$229,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$1,551.83$1,589.01
2nd payment$0.00$0.00
Taxes / mo$238.81$238.81
Insurance / mo$150.00$150.00
MI / mo$107.56$45.90
HOA / mo$0.00$0.00
Total monthly$2,048.19$2,023.72
Cash to close$25,773$25,500