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$262,762$233,999
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.170%7.400%
Blended rate6.720%7.640%
1st payment$1,618.55$1,620.16
2nd payment$0.00$0.00
Taxes / mo$73.17$73.17
Insurance / mo$150.00$150.00
MI / mo$121.51$46.80
HOA / mo$0.00$0.00
Total monthly$1,963.23$1,890.13
Cash to close$0$26,000