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$220,532$126,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,298.37$872.40
2nd payment$0.00$0.00
Taxes / mo$109.75$109.75
Insurance / mo$150.00$150.00
MI / mo$166.92$25.20
HOA / mo$185.00$185.00
Total monthly$1,910.04$1,342.35
Cash to close$0$14,000