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$182,411$188,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.63%7.18%
Blended rate8.18%7.42%
1st payment$1,328.04$1,279.74
2nd payment$0.00$0.00
Taxes / mo$440.33$440.33
Insurance / mo$150.00$150.00
MI / mo$85.96$37.78
HOA / mo$0.00$0.00
Total monthly$2,004.33$1,907.86
Cash to close$27,489$20,990