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$124,917$125,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.320%
Blended rate7.470%7.560%
1st payment$842.38$864.91
2nd payment$0.00$0.00
Taxes / mo$76.18$76.18
Insurance / mo$150.00$150.00
MI / mo$58.50$25.18
HOA / mo$45.83$45.83
Total monthly$1,172.89$1,162.10
Cash to close$14,983$13,990