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$228,612$224,100
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.760%7.400%
Blended rate8.310%7.640%
1st payment$1,682.83$1,551.62
2nd payment$0.00$0.00
Taxes / mo$345.42$345.42
Insurance / mo$150.00$150.00
MI / mo$107.56$44.82
HOA / mo$0.00$0.00
Total monthly$2,285.81$2,091.86
Cash to close$20,388$24,900