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$131,894$125,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.320%
Blended rate7.370%7.560%
1st payment$887.07$864.91
2nd payment$0.00$0.00
Taxes / mo$133.35$133.35
Insurance / mo$150.00$150.00
MI / mo$62.24$25.18
HOA / mo$16.67$16.67
Total monthly$1,249.32$1,190.12
Cash to close$8,006$13,990