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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$275,159$191,700
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.65%7.18%
Blended rate7.2%7.42%
1st payment$1,840.58$1,298.64
2nd payment$0.00$0.00
Taxes / mo$28.17$28.17
Insurance / mo$150.00$150.00
MI / mo$131.41$38.34
HOA / mo$274.00$274.00
Total monthly$2,424.16$1,789.15
Cash to close$0$21,300