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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$232,031$234,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.87%7.18%
Blended rate7.42%7.42%
1st payment$1,560.17$1,585.20
2nd payment$0.00$0.00
Taxes / mo$54.08$54.08
Insurance / mo$150.00$150.00
MI / mo$108.91$46.80
HOA / mo$298.00$298.00
Total monthly$2,171.16$2,134.08
Cash to close$27,969$26,000