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$234,093$215,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,565.08$1,489.31
2nd payment$0.00$0.00
Taxes / mo$315.33$315.33
Insurance / mo$150.00$150.00
MI / mo$110.26$43.02
HOA / mo$0.00$0.00
Total monthly$2,140.67$1,997.66
Cash to close$4,907$23,900