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$233,323$143,640
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.11%7.24%
Blended rate3.96%7.48%
1st payment$1,112.51$978.90
2nd payment$0.00$0.00
Taxes / mo$166.25$166.25
Insurance / mo$150.00$150.00
MI / mo$184.31$28.73
HOA / mo$0.00$0.00
Total monthly$1,613.07$1,323.88
Cash to close$0$15,960