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$201,085$120,600
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,185.68$835.01
2nd payment$0.00$0.00
Taxes / mo$98.08$98.08
Insurance / mo$150.00$150.00
MI / mo$152.43$24.12
HOA / mo$0.00$0.00
Total monthly$1,586.20$1,107.21
Cash to close$0$13,400