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$233,230$216,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$1,510.55$1,495.54
2nd payment$0.00$0.00
Taxes / mo$61.83$61.83
Insurance / mo$150.00$150.00
MI / mo$111.38$43.20
HOA / mo$284.00$284.00
Total monthly$2,117.76$2,034.57
Cash to close$6,770$24,000