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$266,688$265,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$1,904.23$1,838.27
2nd payment$0.00$0.00
Taxes / mo$256.58$256.58
Insurance / mo$150.00$150.00
MI / mo$125.56$53.10
HOA / mo$90.00$90.00
Total monthly$2,526.37$2,387.95
Cash to close$28,312$29,500