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$277,719$234,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$1,979.31$1,620.17
2nd payment$0.00$0.00
Taxes / mo$258.58$258.58
Insurance / mo$150.00$150.00
MI / mo$130.51$46.80
HOA / mo$99.00$99.00
Total monthly$2,617.40$2,174.55
Cash to close$0$26,000