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$283,036$243,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$1,871.23$1,682.48
2nd payment$0.00$0.00
Taxes / mo$225.00$225.00
Insurance / mo$150.00$150.00
MI / mo$135.13$48.60
HOA / mo$340.00$340.00
Total monthly$2,721.35$2,446.08
Cash to close$0$27,000