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$159,062$117,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$805.85$810.08
2nd payment$0.00$0.00
Taxes / mo$26.00$26.00
Insurance / mo$150.00$150.00
MI / mo$123.10$23.40
HOA / mo$288.00$288.00
Total monthly$1,392.96$1,297.48
Cash to close$0$13,000