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$255,761$242,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,701.28$1,681.86
2nd payment$0.00$0.00
Taxes / mo$306.92$306.92
Insurance / mo$150.00$150.00
MI / mo$119.85$48.58
HOA / mo$186.00$186.00
Total monthly$2,464.05$2,373.36
Cash to close$14,139$26,990