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$260,111$260,010
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$1,744.04$1,761.40
2nd payment$0.00$0.00
Taxes / mo$61.00$61.00
Insurance / mo$150.00$150.00
MI / mo$123.75$52.00
HOA / mo$240.00$240.00
Total monthly$2,318.79$2,264.40
Cash to close$28,789$28,890