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$194,194$187,200
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.320%
Blended rate7.740%7.560%
1st payment$1,357.12$1,285.93
2nd payment$0.00$0.00
Taxes / mo$248.08$248.08
Insurance / mo$150.00$150.00
MI / mo$91.73$37.44
HOA / mo$0.00$0.00
Total monthly$1,846.93$1,721.46
Cash to close$13,806$20,800