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$249,277$180,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,433.07$1,246.28
2nd payment$0.00$0.00
Taxes / mo$233.02$233.02
Insurance / mo$150.00$150.00
MI / mo$189.52$36.00
HOA / mo$0.00$0.00
Total monthly$2,005.61$1,665.30
Cash to close$0$20,000