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$256,346$205,200
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$1,713.76$1,420.76
2nd payment$0.00$0.00
Taxes / mo$322.67$322.67
Insurance / mo$150.00$150.00
MI / mo$120.61$41.04
HOA / mo$0.00$0.00
Total monthly$2,307.03$1,934.47
Cash to close$0$22,800