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$105,186$48,653
Remaining term (yrs)22.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.140%7.400%
Blended rate4.990%7.640%
1st payment$595.43$336.86
2nd payment$0.00$0.00
Taxes / mo$175.41$175.41
Insurance / mo$150.00$150.00
MI / mo$86.87$9.73
HOA / mo$0.00$0.00
Total monthly$1,007.71$672.00
Cash to close$0$5,406