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$324,922$225,000
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.070%7.400%
Blended rate3.920%7.640%
1st payment$1,542.45$1,557.85
2nd payment$0.00$0.00
Taxes / mo$463.42$463.42
Insurance / mo$150.00$150.00
MI / mo$256.84$45.00
HOA / mo$25.00$25.00
Total monthly$2,437.71$2,241.27
Cash to close$0$25,000