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$229,315$184,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.750%7.400%
Blended rate7.600%7.640%
1st payment$1,553.91$1,277.44
2nd payment$0.00$0.00
Taxes / mo$280.08$280.08
Insurance / mo$150.00$150.00
MI / mo$169.70$36.90
HOA / mo$0.00$0.00
Total monthly$2,153.70$1,744.42
Cash to close$0$20,500