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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$255,519$224,999
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.63%7.18%
Blended rate7.18%7.42%
1st payment$1,666.30$1,524.22
2nd payment$0.00$0.00
Taxes / mo$40.17$40.17
Insurance / mo$150.00$150.00
MI / mo$119.21$45.00
HOA / mo$0.00$0.00
Total monthly$1,975.67$1,759.39
Cash to close$0$25,000