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$286,779$202,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$1,954.35$1,402.07
2nd payment$0.00$0.00
Taxes / mo$39.25$39.25
Insurance / mo$150.00$150.00
MI / mo$212.13$40.50
HOA / mo$335.00$335.00
Total monthly$2,690.73$1,966.82
Cash to close$0$22,500