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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$257,968$193,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.35%7.18%
Blended rate6.9%7.42%
1st payment$1,649.60$1,310.84
2nd payment$0.00$0.00
Taxes / mo$94.42$94.42
Insurance / mo$150.00$150.00
MI / mo$121.51$38.70
HOA / mo$55.00$55.00
Total monthly$2,070.53$1,648.95
Cash to close$0$21,500