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$335,345$274,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.320%
Blended rate4.610%7.560%
1st payment$1,702.25$1,885.62
2nd payment$0.00$0.00
Taxes / mo$371.58$371.58
Insurance / mo$150.00$150.00
MI / mo$260.04$54.90
HOA / mo$36.33$36.33
Total monthly$2,520.20$2,498.44
Cash to close$0$30,500