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$167,150$171,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.080%7.400%
Blended rate7.930%7.640%
1st payment$1,169.52$1,183.97
2nd payment$0.00$0.00
Taxes / mo$30.00$30.00
Insurance / mo$150.00$150.00
MI / mo$123.52$34.20
HOA / mo$0.00$0.00
Total monthly$1,473.04$1,398.17
Cash to close$22,850$19,000