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$257,548$161,991
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$1,598.89$1,121.59
2nd payment$0.00$0.00
Taxes / mo$355.25$355.25
Insurance / mo$150.00$150.00
MI / mo$121.06$32.40
HOA / mo$618.00$618.00
Total monthly$2,843.20$2,277.24
Cash to close$0$17,999