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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$227,241$215,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.49%7.18%
Blended rate8.04%7.42%
1st payment$1,634.73$1,457.16
2nd payment$0.00$0.00
Taxes / mo$153.42$153.42
Insurance / mo$150.00$150.00
MI / mo$107.26$43.02
HOA / mo$91.00$91.00
Total monthly$2,136.41$1,894.60
Cash to close$11,759$23,900