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$277,823$208,799
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.570%7.400%
Blended rate7.120%7.640%
1st payment$1,837.86$1,445.68
2nd payment$0.00$0.00
Taxes / mo$316.08$316.08
Insurance / mo$150.00$150.00
MI / mo$132.30$41.76
HOA / mo$194.67$194.67
Total monthly$2,630.92$2,148.20
Cash to close$0$23,200