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$272,703$225,900
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$1,837.33$1,564.09
2nd payment$0.00$0.00
Taxes / mo$28,598.42$28,598.42
Insurance / mo$150.00$150.00
MI / mo$128.25$45.18
HOA / mo$97.00$97.00
Total monthly$30,811.00$30,454.68
Cash to close$0$25,100