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$245,312$225,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.780%7.400%
Blended rate6.630%7.640%
1st payment$1,523.42$1,557.85
2nd payment$0.00$0.00
Taxes / mo$193.08$193.08
Insurance / mo$150.00$150.00
MI / mo$184.31$45.00
HOA / mo$0.00$0.00
Total monthly$2,050.81$1,945.94
Cash to close$4,688$25,000