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$223,053$233,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.310%7.400%
Blended rate7.860%7.640%
1st payment$1,577.99$1,613.94
2nd payment$0.00$0.00
Taxes / mo$62.58$62.58
Insurance / mo$150.00$150.00
MI / mo$105.39$46.62
HOA / mo$0.00$0.00
Total monthly$1,895.97$1,873.14
Cash to close$35,947$25,900