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$180,110$165,600
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$1,160.23$1,146.58
2nd payment$0.00$0.00
Taxes / mo$40.92$40.92
Insurance / mo$150.00$150.00
MI / mo$86.27$33.12
HOA / mo$41.33$41.33
Total monthly$1,478.75$1,411.95
Cash to close$3,890$18,400