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$227,929$229,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.57%7.18%
Blended rate7.12%7.42%
1st payment$1,507.80$1,554.71
2nd payment$0.00$0.00
Taxes / mo$369.83$369.83
Insurance / mo$150.00$150.00
MI / mo$108.54$45.90
HOA / mo$0.00$0.00
Total monthly$2,136.18$2,120.45
Cash to close$27,071$25,500