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$275,413$225,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.79%7.11%
Blended rate7.34%7.35%
1st payment$1,860.84$1,513.59
2nd payment$0.00$0.00
Taxes / mo$252.17$252.17
Insurance / mo$150.00$150.00
MI / mo$130.96$45.00
HOA / mo$352.00$352.00
Total monthly$2,745.96$2,312.76
Cash to close$0$25,000