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$200,469$188,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$1,280.65$1,302.37
2nd payment$0.00$0.00
Taxes / mo$50.08$50.08
Insurance / mo$150.00$150.00
MI / mo$149.53$37.62
HOA / mo$398.00$398.00
Total monthly$2,028.27$1,938.07
Cash to close$8,531$20,900