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$212,761$202,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$1,448.76$1,402.07
2nd payment$0.00$0.00
Taxes / mo$155.55$155.55
Insurance / mo$150.00$150.00
MI / mo$99.91$40.50
HOA / mo$0.00$0.00
Total monthly$1,854.22$1,748.12
Cash to close$12,239$22,500