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$175,927$148,500
Remaining term (yrs)19.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.610%7.400%
Blended rate4.460%7.640%
1st payment$1,039.18$1,028.18
2nd payment$0.00$0.00
Taxes / mo$171.58$171.58
Insurance / mo$150.00$150.00
MI / mo$161.70$29.70
HOA / mo$102.00$102.00
Total monthly$1,624.47$1,481.47
Cash to close$0$16,500