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$258,237$259,650
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.71%7.18%
Blended rate7.26%7.42%
1st payment$1,731.48$1,758.96
2nd payment$0.00$0.00
Taxes / mo$207.83$207.83
Insurance / mo$150.00$150.00
MI / mo$122.86$51.93
HOA / mo$0.00$0.00
Total monthly$2,212.17$2,168.72
Cash to close$30,263$28,850