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$284,829$252,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.160%7.640%
1st payment$1,876.94$1,744.80
2nd payment$0.00$0.00
Taxes / mo$337.33$337.33
Insurance / mo$150.00$150.00
MI / mo$134.56$50.40
HOA / mo$0.00$0.00
Total monthly$2,498.83$2,282.53
Cash to close$0$28,000