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$230,569$179,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.27%7.18%
Blended rate6.82%7.42%
1st payment$1,490.37$1,213.29
2nd payment$0.00$0.00
Taxes / mo$37.50$37.50
Insurance / mo$150.00$150.00
MI / mo$110.71$35.82
HOA / mo$175.00$175.00
Total monthly$1,963.58$1,611.61
Cash to close$0$19,900