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$217,249$197,910
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,415.33$1,370.29
2nd payment$0.00$0.00
Taxes / mo$102.69$102.69
Insurance / mo$150.00$150.00
MI / mo$101.26$39.58
HOA / mo$0.00$0.00
Total monthly$1,769.28$1,662.56
Cash to close$2,651$21,990