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$239,741$225,891
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.080%7.400%
Blended rate7.930%7.640%
1st payment$1,679.27$1,564.02
2nd payment$0.00$0.00
Taxes / mo$243.08$243.08
Insurance / mo$150.00$150.00
MI / mo$177.35$45.18
HOA / mo$350.00$350.00
Total monthly$2,599.70$2,352.29
Cash to close$11,249$25,099