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$263,631$260,100
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$1,760.77$1,800.88
2nd payment$0.00$0.00
Taxes / mo$240.83$240.83
Insurance / mo$150.00$150.00
MI / mo$122.66$52.02
HOA / mo$590.00$590.00
Total monthly$2,864.26$2,833.73
Cash to close$25,369$28,900