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$255,162$193,230
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$1,722.36$1,337.89
2nd payment$0.00$0.00
Taxes / mo$407.08$407.08
Insurance / mo$150.00$150.00
MI / mo$119.62$38.65
HOA / mo$78.33$78.33
Total monthly$2,477.39$2,011.94
Cash to close$0$21,470