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$108,700$42,299
Remaining term (yrs)23.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.490%7.400%
Blended rate4.340%7.640%
1st payment$572.03$292.87
2nd payment$0.00$0.00
Taxes / mo$15.75$15.75
Insurance / mo$150.00$150.00
MI / mo$90.35$8.46
HOA / mo$0.00$0.00
Total monthly$828.12$467.08
Cash to close$0$4,700