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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$325,509$268,200
Remaining term (yrs)20.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.1%7.18%
Blended rate3.95%7.42%
1st payment$1,800.05$1,816.88
2nd payment$0.00$0.00
Taxes / mo$155.92$155.92
Insurance / mo$150.00$150.00
MI / mo$265.95$53.64
HOA / mo$30.00$30.00
Total monthly$2,401.91$2,206.44
Cash to close$0$29,800