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$234,966$202,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$1,616.67$1,402.07
2nd payment$0.00$0.00
Taxes / mo$35.05$35.05
Insurance / mo$150.00$150.00
MI / mo$173.88$40.50
HOA / mo$238.00$238.00
Total monthly$2,213.59$1,865.62
Cash to close$0$22,500