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$177,987$171,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate7.120%7.640%
1st payment$1,150.49$1,183.97
2nd payment$0.00$0.00
Taxes / mo$167.33$167.33
Insurance / mo$150.00$150.00
MI / mo$132.08$34.20
HOA / mo$0.00$0.00
Total monthly$1,599.90$1,535.50
Cash to close$12,013$19,000