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$164,991$153,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$1,083.75$1,059.34
2nd payment$0.00$0.00
Taxes / mo$141.67$141.67
Insurance / mo$150.00$150.00
MI / mo$76.51$30.60
HOA / mo$0.00$0.00
Total monthly$1,451.92$1,381.61
Cash to close$5,009$17,000