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$191,368$112,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$1,245.47$778.93
2nd payment$0.00$0.00
Taxes / mo$228.00$228.00
Insurance / mo$150.00$150.00
MI / mo$91.36$22.50
HOA / mo$0.00$0.00
Total monthly$1,714.83$1,179.43
Cash to close$0$12,500