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$249,489$233,910
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$1,606.39$1,619.55
2nd payment$0.00$0.00
Taxes / mo$295.83$295.83
Insurance / mo$150.00$150.00
MI / mo$119.20$46.78
HOA / mo$0.00$0.00
Total monthly$2,171.43$2,112.16
Cash to close$10,411$25,990