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$174,700$170,100
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate7.180%7.640%
1st payment$1,137.23$1,177.74
2nd payment$0.00$0.00
Taxes / mo$323.50$323.50
Insurance / mo$150.00$150.00
MI / mo$129.73$34.02
HOA / mo$0.00$0.00
Total monthly$1,740.46$1,685.26
Cash to close$14,300$18,900