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$257,566$170,910
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$1,873.48$1,183.35
2nd payment$0.00$0.00
Taxes / mo$102.00$102.00
Insurance / mo$150.00$150.00
MI / mo$121.26$34.18
HOA / mo$0.00$0.00
Total monthly$2,246.74$1,469.53
Cash to close$0$18,990