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$259,025$233,910
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$1,741.88$1,619.55
2nd payment$0.00$0.00
Taxes / mo$55.00$55.00
Insurance / mo$150.00$150.00
MI / mo$120.61$46.78
HOA / mo$186.00$186.00
Total monthly$2,253.49$2,057.33
Cash to close$875$25,990