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$285,237$225,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$1,995.49$1,557.85
2nd payment$0.00$0.00
Taxes / mo$345.38$345.38
Insurance / mo$150.00$150.00
MI / mo$135.01$45.00
HOA / mo$0.00$0.00
Total monthly$2,625.88$2,098.23
Cash to close$0$25,000