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$233,297$134,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.320%
Blended rate7.020%7.560%
1st payment$1,506.55$926.74
2nd payment$0.00$0.00
Taxes / mo$46.92$46.92
Insurance / mo$150.00$150.00
MI / mo$109.59$26.98
HOA / mo$0.00$0.00
Total monthly$1,813.06$1,150.64
Cash to close$0$14,990