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$209,617$214,200
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.200%7.400%
Blended rate7.750%7.640%
1st payment$1,466.28$1,483.08
2nd payment$0.00$0.00
Taxes / mo$32.58$32.58
Insurance / mo$150.00$150.00
MI / mo$99.01$42.84
HOA / mo$267.00$267.00
Total monthly$2,014.87$1,975.50
Cash to close$28,383$23,800