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$257,010$211,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$1,728.08$1,464.38
2nd payment$0.00$0.00
Taxes / mo$65.50$65.50
Insurance / mo$150.00$150.00
MI / mo$120.38$42.30
HOA / mo$234.00$234.00
Total monthly$2,297.97$1,956.18
Cash to close$0$23,500