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$251,537$148,410
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$1,678.22$1,027.56
2nd payment$0.00$0.00
Taxes / mo$219.67$219.67
Insurance / mo$150.00$150.00
MI / mo$119.57$29.68
HOA / mo$295.00$295.00
Total monthly$2,462.46$1,721.91
Cash to close$0$16,490