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$210,929$179,955
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.320%
Blended rate8.120%7.560%
1st payment$1,525.79$1,236.17
2nd payment$0.00$0.00
Taxes / mo$82.58$82.58
Insurance / mo$150.00$150.00
MI / mo$99.33$35.99
HOA / mo$213.00$213.00
Total monthly$2,070.70$1,717.74
Cash to close$0$19,995