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$268,564$265,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.170%7.400%
Blended rate7.720%7.640%
1st payment$1,860.60$1,838.27
2nd payment$0.00$0.00
Taxes / mo$261.25$261.25
Insurance / mo$150.00$150.00
MI / mo$126.01$53.10
HOA / mo$704.00$704.00
Total monthly$3,101.86$3,006.62
Cash to close$26,436$29,500