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$208,322$193,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$1,383.28$1,339.75
2nd payment$0.00$0.00
Taxes / mo$39.75$39.75
Insurance / mo$150.00$150.00
MI / mo$96.76$38.70
HOA / mo$285.00$285.00
Total monthly$1,954.79$1,853.20
Cash to close$6,678$21,500