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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$315,647$226,800
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.45%7.18%
Blended rate4.3%7.42%
1st payment$1,555.52$1,536.42
2nd payment$0.00$0.00
Taxes / mo$143.58$143.58
Insurance / mo$150.00$150.00
MI / mo$246.90$45.36
HOA / mo$73.00$73.00
Total monthly$2,169.01$1,948.37
Cash to close$0$25,200