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$254,455$231,300
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,644.64$1,601.47
2nd payment$0.00$0.00
Taxes / mo$63.50$63.50
Insurance / mo$150.00$150.00
MI / mo$119.26$46.26
HOA / mo$300.00$300.00
Total monthly$2,277.40$2,161.23
Cash to close$2,545$25,700