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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$271,578$193,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.42%7.18%
Blended rate5.27%7.42%
1st payment$1,478.55$1,310.84
2nd payment$0.00$0.00
Taxes / mo$80.17$80.17
Insurance / mo$150.00$150.00
MI / mo$208.65$38.70
HOA / mo$33.00$33.00
Total monthly$1,950.37$1,612.70
Cash to close$0$21,500