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$187,212$107,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,256.65$741.54
2nd payment$0.00$0.00
Taxes / mo$212.58$212.58
Insurance / mo$150.00$150.00
MI / mo$89.17$21.42
HOA / mo$0.00$0.00
Total monthly$1,708.40$1,125.54
Cash to close$0$11,900