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$183,678$123,120
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.96%7.18%
Blended rate3.81%7.42%
1st payment$873.13$834.06
2nd payment$0.00$0.00
Taxes / mo$94.92$94.92
Insurance / mo$150.00$150.00
MI / mo$147.45$24.62
HOA / mo$355.00$355.00
Total monthly$1,620.49$1,458.60
Cash to close$0$13,680