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$126,346$126,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.320%
Blended rate7.280%7.560%
1st payment$851.63$865.53
2nd payment$0.00$0.00
Taxes / mo$128.25$128.25
Insurance / mo$150.00$150.00
MI / mo$60.30$25.20
HOA / mo$60.00$60.00
Total monthly$1,250.18$1,228.98
Cash to close$13,654$14,000