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$253,544$247,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.040%7.400%
Blended rate7.590%7.640%
1st payment$1,721.71$1,713.64
2nd payment$0.00$0.00
Taxes / mo$273.00$273.00
Insurance / mo$150.00$150.00
MI / mo$118.13$49.50
HOA / mo$0.00$0.00
Total monthly$2,262.84$2,186.14
Cash to close$21,456$27,500