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$473,111$324,000
Remaining term (yrs)18.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.270%7.400%
Blended rate4.120%7.640%
1st payment$2,788.72$2,243.31
2nd payment$0.00$0.00
Taxes / mo$82.67$82.67
Insurance / mo$150.00$150.00
MI / mo$404.47$64.80
HOA / mo$0.00$0.00
Total monthly$3,425.87$2,540.78
Cash to close$0$36,000