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$240,041$202,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.490%7.400%
Blended rate7.040%7.640%
1st payment$1,549.93$1,402.07
2nd payment$0.00$0.00
Taxes / mo$344.08$344.08
Insurance / mo$150.00$150.00
MI / mo$112.51$40.50
HOA / mo$17.00$17.00
Total monthly$2,173.52$1,953.65
Cash to close$0$22,500