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$243,745$243,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$1,771.32$1,682.48
2nd payment$0.00$0.00
Taxes / mo$299.83$299.83
Insurance / mo$150.00$150.00
MI / mo$114.76$48.60
HOA / mo$17.00$17.00
Total monthly$2,352.91$2,197.92
Cash to close$26,255$27,000