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$258,478$206,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$1,734.59$1,432.60
2nd payment$0.00$0.00
Taxes / mo$220.67$220.67
Insurance / mo$150.00$150.00
MI / mo$121.21$41.38
HOA / mo$0.00$0.00
Total monthly$2,226.46$1,844.65
Cash to close$0$22,990