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$214,047$179,910
Remaining term (yrs)23.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.770%7.400%
Blended rate4.620%7.640%
1st payment$1,158.26$1,245.66
2nd payment$0.00$0.00
Taxes / mo$123.58$123.58
Insurance / mo$150.00$150.00
MI / mo$176.72$35.98
HOA / mo$542.00$542.00
Total monthly$2,150.57$2,097.23
Cash to close$0$19,990