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$178,176$153,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$1,078.36$1,059.34
2nd payment$0.00$0.00
Taxes / mo$59.83$59.83
Insurance / mo$150.00$150.00
MI / mo$134.23$30.60
HOA / mo$250.00$250.00
Total monthly$1,672.43$1,549.77
Cash to close$0$17,000