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$209,233$72,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.170%7.400%
Blended rate4.020%7.640%
1st payment$1,015.26$498.51
2nd payment$0.00$0.00
Taxes / mo$66.67$66.67
Insurance / mo$150.00$150.00
MI / mo$166.92$14.40
HOA / mo$0.00$0.00
Total monthly$1,398.85$729.58
Cash to close$0$8,000