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$184,126$152,910
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$1,266.87$1,058.72
2nd payment$0.00$0.00
Taxes / mo$154.82$154.82
Insurance / mo$150.00$150.00
MI / mo$136.25$30.58
HOA / mo$414.00$414.00
Total monthly$2,121.94$1,808.12
Cash to close$0$16,990