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$234,188$220,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$1,672.17$1,526.70
2nd payment$0.00$0.00
Taxes / mo$296.75$296.75
Insurance / mo$150.00$150.00
MI / mo$110.26$44.10
HOA / mo$0.00$0.00
Total monthly$2,229.17$2,017.54
Cash to close$10,812$24,500