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$259,242$251,991
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,702.40$1,744.73
2nd payment$0.00$0.00
Taxes / mo$13.75$13.75
Insurance / mo$150.00$150.00
MI / mo$121.04$50.40
HOA / mo$0.00$0.00
Total monthly$1,987.19$1,958.88
Cash to close$20,748$27,999