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$241,628$233,910
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$1,624.89$1,619.55
2nd payment$0.00$0.00
Taxes / mo$52.17$52.17
Insurance / mo$150.00$150.00
MI / mo$112.51$46.78
HOA / mo$186.00$186.00
Total monthly$2,125.56$2,054.49
Cash to close$18,272$25,990