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$123,206$121,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.510%7.640%
1st payment$829.74$841.24
2nd payment$0.00$0.00
Taxes / mo$42.08$42.08
Insurance / mo$150.00$150.00
MI / mo$91.46$24.30
HOA / mo$0.00$0.00
Total monthly$1,113.28$1,057.62
Cash to close$11,794$13,500