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$173,448$175,410
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$1,211.00$1,214.50
2nd payment$0.00$0.00
Taxes / mo$232.08$232.08
Insurance / mo$150.00$150.00
MI / mo$81.93$35.08
HOA / mo$0.00$0.00
Total monthly$1,675.01$1,631.67
Cash to close$21,452$19,490