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$290,690$234,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.86%7.18%
Blended rate7.41%7.42%
1st payment$1,932.14$1,585.20
2nd payment$0.00$0.00
Taxes / mo$253.25$253.25
Insurance / mo$150.00$150.00
MI / mo$135.01$46.80
HOA / mo$345.00$345.00
Total monthly$2,815.40$2,380.25
Cash to close$0$26,000