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$158,674$163,350
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$1,132.98$1,131.00
2nd payment$0.00$0.00
Taxes / mo$26.58$26.58
Insurance / mo$150.00$150.00
MI / mo$74.71$32.67
HOA / mo$270.00$270.00
Total monthly$1,654.27$1,610.26
Cash to close$22,826$18,150