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$253,578$235,800
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$1,660.53$1,632.63
2nd payment$0.00$0.00
Taxes / mo$74.42$74.42
Insurance / mo$150.00$150.00
MI / mo$117.70$47.16
HOA / mo$210.00$210.00
Total monthly$2,212.65$2,114.21
Cash to close$8,422$26,200