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$198,687$211,410
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$1,367.06$1,463.76
2nd payment$0.00$0.00
Taxes / mo$107.08$107.08
Insurance / mo$150.00$150.00
MI / mo$147.03$42.28
HOA / mo$47.00$47.00
Total monthly$1,818.17$1,810.13
Cash to close$36,213$23,490