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$206,942$144,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$1,331.45$997.03
2nd payment$0.00$0.00
Taxes / mo$49.25$49.25
Insurance / mo$150.00$150.00
MI / mo$99.01$28.80
HOA / mo$0.00$0.00
Total monthly$1,629.70$1,225.08
Cash to close$0$16,000