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$188,052$148,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$1,281.54$1,028.18
2nd payment$0.00$0.00
Taxes / mo$228.41$228.41
Insurance / mo$150.00$150.00
MI / mo$139.10$29.70
HOA / mo$0.00$0.00
Total monthly$1,799.05$1,436.30
Cash to close$0$16,500