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$280,083$233,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.120%7.400%
Blended rate7.670%7.640%
1st payment$1,944.47$1,619.55
2nd payment$0.00$0.00
Taxes / mo$408.17$408.17
Insurance / mo$150.00$150.00
MI / mo$132.35$46.78
HOA / mo$180.00$180.00
Total monthly$2,814.98$2,404.49
Cash to close$0$25,990