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$219,751$157,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate6.910%7.640%
1st payment$1,431.16$1,090.50
2nd payment$0.00$0.00
Taxes / mo$114.17$114.17
Insurance / mo$150.00$150.00
MI / mo$105.31$31.50
HOA / mo$712.00$712.00
Total monthly$2,512.63$2,098.16
Cash to close$0$17,500