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$156,282$150,750
Remaining term (yrs)23.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.67%7.18%
Blended rate7.22%7.42%
1st payment$1,092.51$1,021.23
2nd payment$0.00$0.00
Taxes / mo$189.75$189.75
Insurance / mo$150.00$150.00
MI / mo$73.01$30.15
HOA / mo$389.00$389.00
Total monthly$1,894.27$1,780.13
Cash to close$11,218$16,750