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$291,742$179,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.550%7.400%
Blended rate4.400%7.640%
1st payment$1,441.84$1,240.05
2nd payment$0.00$0.00
Taxes / mo$486.17$486.17
Insurance / mo$150.00$150.00
MI / mo$226.03$35.82
HOA / mo$250.00$250.00
Total monthly$2,554.03$2,162.04
Cash to close$0$19,900