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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$252,299$247,499
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.82%7.18%
Blended rate7.37%7.42%
1st payment$1,693.36$1,676.65
2nd payment$0.00$0.00
Taxes / mo$33.75$33.75
Insurance / mo$150.00$150.00
MI / mo$118.81$49.50
HOA / mo$224.00$224.00
Total monthly$2,219.92$2,133.89
Cash to close$22,700$27,500