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$253,924$235,800
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$1,776.07$1,632.63
2nd payment$0.00$0.00
Taxes / mo$590.67$590.67
Insurance / mo$150.00$150.00
MI / mo$119.69$47.16
HOA / mo$0.00$0.00
Total monthly$2,636.42$2,420.46
Cash to close$8,076$26,200