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$1,117,817$369,000
Remaining term (yrs)16.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.420%7.400%
Blended rate4.270%7.640%
1st payment$7,367.61$2,554.88
2nd payment$0.00$0.00
Taxes / mo$143.42$143.42
Insurance / mo$150.00$150.00
MI / mo$1,173.83$73.80
HOA / mo$30.00$30.00
Total monthly$8,864.86$2,952.10
Cash to close$0$41,000