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$55,221$35,730
Remaining term (yrs)22.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.820%7.400%
Blended rate4.670%7.640%
1st payment$303.04$247.39
2nd payment$0.00$0.00
Taxes / mo$32.33$32.33
Insurance / mo$150.00$150.00
MI / mo$45.96$7.15
HOA / mo$0.00$0.00
Total monthly$531.33$436.87
Cash to close$0$3,970