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$193,035$171,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.400%
Blended rate8.120%7.640%
1st payment$1,396.35$1,183.97
2nd payment$0.00$0.00
Taxes / mo$38.58$38.58
Insurance / mo$150.00$150.00
MI / mo$90.91$34.20
HOA / mo$330.00$330.00
Total monthly$2,005.84$1,736.75
Cash to close$0$19,000