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$241,253$234,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$1,574.42$1,620.17
2nd payment$0.00$0.00
Taxes / mo$107.42$107.42
Insurance / mo$150.00$150.00
MI / mo$115.00$46.80
HOA / mo$458.00$458.00
Total monthly$2,404.84$2,382.39
Cash to close$18,747$26,000