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$267,393$246,600
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.760%7.400%
Blended rate8.310%7.640%
1st payment$1,970.06$1,707.41
2nd payment$0.00$0.00
Taxes / mo$313.84$313.84
Insurance / mo$150.00$150.00
MI / mo$125.92$49.32
HOA / mo$100.00$100.00
Total monthly$2,659.82$2,320.57
Cash to close$6,607$27,400