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$174,868$82,800
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.840%7.400%
Blended rate3.690%7.640%
1st payment$811.06$573.29
2nd payment$0.00$0.00
Taxes / mo$21.75$21.75
Insurance / mo$150.00$150.00
MI / mo$139.10$16.56
HOA / mo$0.00$0.00
Total monthly$1,121.91$761.60
Cash to close$0$9,200