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$175,869$134,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$1,218.74$934.09
2nd payment$0.00$0.00
Taxes / mo$170.33$170.33
Insurance / mo$150.00$150.00
MI / mo$83.20$26.98
HOA / mo$684.00$684.00
Total monthly$2,306.28$1,965.40
Cash to close$0$14,990