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$257,905$189,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,700.50$1,308.60
2nd payment$0.00$0.00
Taxes / mo$362.08$362.08
Insurance / mo$150.00$150.00
MI / mo$123.31$37.80
HOA / mo$0.00$0.00
Total monthly$2,335.89$1,858.48
Cash to close$0$21,000