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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$239,703$225,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.09%7.18%
Blended rate7.64%7.42%
1st payment$1,647.99$1,524.23
2nd payment$0.00$0.00
Taxes / mo$99.67$99.67
Insurance / mo$150.00$150.00
MI / mo$112.51$45.00
HOA / mo$0.00$0.00
Total monthly$2,010.16$1,818.90
Cash to close$10,297$25,000