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$184,981$33,750
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.320%
Blended rate7.360%7.560%
1st payment$1,249.50$231.84
2nd payment$0.00$0.00
Taxes / mo$36.17$36.17
Insurance / mo$150.00$150.00
MI / mo$87.76$6.75
HOA / mo$0.00$0.00
Total monthly$1,523.43$424.76
Cash to close$0$3,750