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$275,379$223,200
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$1,838.98$1,545.39
2nd payment$0.00$0.00
Taxes / mo$36.50$36.50
Insurance / mo$150.00$150.00
MI / mo$128.63$44.64
HOA / mo$0.00$0.00
Total monthly$2,154.11$1,776.53
Cash to close$0$24,800