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$159,969$102,599
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$865.64$710.38
2nd payment$0.00$0.00
Taxes / mo$262.51$262.51
Insurance / mo$150.00$150.00
MI / mo$132.08$20.52
HOA / mo$91.00$91.00
Total monthly$1,501.22$1,234.40
Cash to close$0$11,400