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$206,659$198,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,334.33$1,370.91
2nd payment$0.00$0.00
Taxes / mo$46.23$46.23
Insurance / mo$150.00$150.00
MI / mo$96.76$39.60
HOA / mo$0.00$0.00
Total monthly$1,627.31$1,606.74
Cash to close$13,341$22,000