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$161,540$154,800
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$1,173.93$1,071.80
2nd payment$0.00$0.00
Taxes / mo$263.12$263.12
Insurance / mo$150.00$150.00
MI / mo$76.05$30.96
HOA / mo$318.00$318.00
Total monthly$1,981.11$1,833.89
Cash to close$10,460$17,200