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$265,222$216,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,759.57$1,495.54
2nd payment$0.00$0.00
Taxes / mo$362.83$362.83
Insurance / mo$150.00$150.00
MI / mo$125.11$43.20
HOA / mo$268.00$268.00
Total monthly$2,665.51$2,319.57
Cash to close$0$24,000