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$275,077$211,410
Remaining term (yrs)21.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$1,919.56$1,463.76
2nd payment$0.00$0.00
Taxes / mo$349.08$349.08
Insurance / mo$150.00$150.00
MI / mo$135.01$42.28
HOA / mo$103.00$103.00
Total monthly$2,656.65$2,108.13
Cash to close$0$23,490