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$268,009$261,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$1,769.83$1,807.11
2nd payment$0.00$0.00
Taxes / mo$401.99$401.99
Insurance / mo$150.00$150.00
MI / mo$127.80$52.20
HOA / mo$255.00$255.00
Total monthly$2,704.62$2,666.30
Cash to close$21,991$29,000