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$289,420$247,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.510%7.640%
1st payment$1,949.11$1,713.64
2nd payment$0.00$0.00
Taxes / mo$283.92$283.92
Insurance / mo$150.00$150.00
MI / mo$214.84$49.50
HOA / mo$139.00$139.00
Total monthly$2,736.87$2,336.06
Cash to close$0$27,500