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$258,968$251,991
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$1,715.90$1,744.73
2nd payment$0.00$0.00
Taxes / mo$527.46$527.46
Insurance / mo$150.00$150.00
MI / mo$121.50$50.40
HOA / mo$20.00$20.00
Total monthly$2,534.87$2,492.59
Cash to close$21,022$27,999