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$271,175$247,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.400%
Blended rate7.020%7.640%
1st payment$1,747.46$1,713.64
2nd payment$0.00$0.00
Taxes / mo$353.50$353.50
Insurance / mo$150.00$150.00
MI / mo$127.11$49.50
HOA / mo$16.67$16.67
Total monthly$2,394.74$2,283.31
Cash to close$3,825$27,500