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$146,855$144,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$938.15$997.03
2nd payment$0.00$0.00
Taxes / mo$215.83$215.83
Insurance / mo$150.00$150.00
MI / mo$109.54$28.80
HOA / mo$0.00$0.00
Total monthly$1,413.52$1,391.66
Cash to close$13,145$16,000