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$150,119$152,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$1,021.21$1,058.72
2nd payment$0.00$0.00
Taxes / mo$145.67$145.67
Insurance / mo$150.00$150.00
MI / mo$70.42$30.58
HOA / mo$0.00$0.00
Total monthly$1,387.30$1,384.97
Cash to close$19,781$16,990