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$316,293$221,310
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,555.52$1,532.31
2nd payment$0.00$0.00
Taxes / mo$126.33$126.33
Insurance / mo$150.00$150.00
MI / mo$246.90$44.26
HOA / mo$100.00$100.00
Total monthly$2,178.76$1,952.90
Cash to close$0$24,590