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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$205,731$192,024
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,367.15$1,329.54
2nd payment$0.00$0.00
Taxes / mo$233.33$233.33
Insurance / mo$150.00$150.00
MI / mo$96.02$38.40
HOA / mo$145.00$145.00
Total monthly$1,991.50$1,896.27
Cash to close$7,629$21,336