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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$249,601$220,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.26%7.18%
Blended rate6.81%7.42%
1st payment$1,609.84$1,493.74
2nd payment$0.00$0.00
Taxes / mo$26.83$26.83
Insurance / mo$150.00$150.00
MI / mo$119.71$44.10
HOA / mo$0.00$0.00
Total monthly$1,906.38$1,714.68
Cash to close$0$24,500