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$251,752$243,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate7.120%7.640%
1st payment$1,627.30$1,682.48
2nd payment$0.00$0.00
Taxes / mo$358.25$358.25
Insurance / mo$150.00$150.00
MI / mo$186.81$48.60
HOA / mo$0.00$0.00
Total monthly$2,322.36$2,239.33
Cash to close$18,248$27,000