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$220,575$220,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.92%7.18%
Blended rate7.47%7.42%
1st payment$1,490.37$1,493.74
2nd payment$0.00$0.00
Taxes / mo$254.83$254.83
Insurance / mo$150.00$150.00
MI / mo$103.51$44.10
HOA / mo$295.00$295.00
Total monthly$2,293.71$2,237.68
Cash to close$24,425$24,500