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$316,293$224,910
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.320%
Blended rate4.300%7.560%
1st payment$1,555.52$1,544.98
2nd payment$0.00$0.00
Taxes / mo$143.58$143.58
Insurance / mo$150.00$150.00
MI / mo$246.90$44.98
HOA / mo$73.00$73.00
Total monthly$2,169.01$1,956.54
Cash to close$0$24,990