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$274,749$225,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,852.55$1,557.85
2nd payment$0.00$0.00
Taxes / mo$303.58$303.58
Insurance / mo$150.00$150.00
MI / mo$130.51$45.00
HOA / mo$0.00$0.00
Total monthly$2,436.64$2,056.44
Cash to close$0$25,000