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$292,689$252,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$1,700.64$1,744.80
2nd payment$0.00$0.00
Taxes / mo$40.92$40.92
Insurance / mo$150.00$150.00
MI / mo$221.87$50.40
HOA / mo$0.00$0.00
Total monthly$2,113.42$1,986.11
Cash to close$0$28,000