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$189,440$198,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$1,352.66$1,370.91
2nd payment$0.00$0.00
Taxes / mo$408.58$408.58
Insurance / mo$150.00$150.00
MI / mo$89.19$39.60
HOA / mo$0.00$0.00
Total monthly$2,000.43$1,969.10
Cash to close$30,560$22,000