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$219,611$211,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,427.91$1,464.38
2nd payment$0.00$0.00
Taxes / mo$508.08$508.08
Insurance / mo$150.00$150.00
MI / mo$102.16$42.30
HOA / mo$0.00$0.00
Total monthly$2,188.15$2,164.77
Cash to close$15,389$23,500