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$218,593$169,200
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.930%7.400%
Blended rate7.480%7.640%
1st payment$1,469.86$1,171.51
2nd payment$0.00$0.00
Taxes / mo$278.75$278.75
Insurance / mo$150.00$150.00
MI / mo$101.98$33.84
HOA / mo$0.00$0.00
Total monthly$2,000.58$1,634.09
Cash to close$0$18,800