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$191,399$161,910
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$1,239.62$1,121.03
2nd payment$0.00$0.00
Taxes / mo$287.97$287.97
Insurance / mo$150.00$150.00
MI / mo$91.41$32.38
HOA / mo$0.00$0.00
Total monthly$1,768.99$1,591.38
Cash to close$0$17,990