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$236,499$224,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$1,500.16$1,557.23
2nd payment$0.00$0.00
Taxes / mo$38.42$38.42
Insurance / mo$150.00$150.00
MI / mo$113.58$44.98
HOA / mo$130.00$130.00
Total monthly$1,932.16$1,920.63
Cash to close$13,401$24,990