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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$268,176$256,410
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$1,731.53$1,737.01
2nd payment$0.00$0.00
Taxes / mo$116.25$116.25
Insurance / mo$150.00$150.00
MI / mo$125.56$51.28
HOA / mo$0.00$0.00
Total monthly$2,123.33$2,054.54
Cash to close$16,724$28,490