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$237,962$216,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$1,530.67$1,495.54
2nd payment$0.00$0.00
Taxes / mo$298.17$298.17
Insurance / mo$150.00$150.00
MI / mo$113.70$43.20
HOA / mo$0.00$0.00
Total monthly$2,092.54$1,986.91
Cash to close$2,038$24,000