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$280,483$207,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.630%7.400%
Blended rate8.180%7.640%
1st payment$2,040.18$1,433.23
2nd payment$0.00$0.00
Taxes / mo$378.67$378.67
Insurance / mo$150.00$150.00
MI / mo$132.05$41.40
HOA / mo$0.00$0.00
Total monthly$2,700.90$2,003.29
Cash to close$0$23,000