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$230,442$162,540
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.160%7.400%
Blended rate5.010%7.640%
1st payment$1,218.57$1,125.39
2nd payment$0.00$0.00
Taxes / mo$181.92$181.92
Insurance / mo$150.00$150.00
MI / mo$177.35$32.51
HOA / mo$15.00$15.00
Total monthly$1,742.84$1,504.82
Cash to close$0$18,060