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$205,285$166,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.81%7.18%
Blended rate6.66%7.42%
1st payment$1,280.39$1,127.93
2nd payment$0.00$0.00
Taxes / mo$254.67$254.67
Insurance / mo$150.00$150.00
MI / mo$154.40$33.30
HOA / mo$385.00$385.00
Total monthly$2,224.46$1,950.90
Cash to close$0$18,500