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$166,032$139,410
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$1,026.01$965.25
2nd payment$0.00$0.00
Taxes / mo$49.92$49.92
Insurance / mo$150.00$150.00
MI / mo$76.62$27.88
HOA / mo$55.00$55.00
Total monthly$1,357.54$1,248.05
Cash to close$0$15,490