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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$263,912$201,600
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.71%7.18%
Blended rate7.26%7.42%
1st payment$1,769.53$1,365.71
2nd payment$0.00$0.00
Taxes / mo$66.42$66.42
Insurance / mo$150.00$150.00
MI / mo$125.56$40.32
HOA / mo$288.00$288.00
Total monthly$2,399.51$1,910.45
Cash to close$0$22,400