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$254,903$206,100
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$1,763.10$1,426.99
2nd payment$0.00$0.00
Taxes / mo$59.42$59.42
Insurance / mo$150.00$150.00
MI / mo$120.61$41.22
HOA / mo$174.00$174.00
Total monthly$2,267.12$1,851.63
Cash to close$0$22,900