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$289,380$206,910
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.14%7.18%
Blended rate3.99%7.42%
1st payment$1,384.35$1,401.68
2nd payment$0.00$0.00
Taxes / mo$97.92$97.92
Insurance / mo$150.00$150.00
MI / mo$228.47$41.38
HOA / mo$49.00$49.00
Total monthly$1,909.74$1,739.98
Cash to close$0$22,990