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$180,584$170,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$1,202.19$1,177.74
2nd payment$0.00$0.00
Taxes / mo$40.92$40.92
Insurance / mo$150.00$150.00
MI / mo$86.27$34.02
HOA / mo$41.33$41.33
Total monthly$1,520.71$1,444.00
Cash to close$8,416$18,900