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$222,186$220,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$1,522.44$1,526.70
2nd payment$0.00$0.00
Taxes / mo$157.17$157.17
Insurance / mo$150.00$150.00
MI / mo$105.31$44.10
HOA / mo$60.00$60.00
Total monthly$1,994.91$1,937.96
Cash to close$22,814$24,500