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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$163,033$126,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.92%7.18%
Blended rate7.47%7.42%
1st payment$1,101.57$853.57
2nd payment$0.00$0.00
Taxes / mo$22.92$22.92
Insurance / mo$150.00$150.00
MI / mo$76.51$25.20
HOA / mo$224.00$224.00
Total monthly$1,574.99$1,275.68
Cash to close$0$14,000