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$286,677$189,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$1,776.89$1,308.60
2nd payment$0.00$0.00
Taxes / mo$54.50$54.50
Insurance / mo$150.00$150.00
MI / mo$132.69$37.80
HOA / mo$174.00$174.00
Total monthly$2,288.08$1,724.90
Cash to close$0$21,000