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$229,662$38,700
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.370%7.400%
Blended rate6.920%7.640%
1st payment$1,438.78$267.95
2nd payment$0.00$0.00
Taxes / mo$16.67$16.67
Insurance / mo$150.00$150.00
MI / mo$105.76$7.74
HOA / mo$0.00$0.00
Total monthly$1,711.21$442.36
Cash to close$0$4,300