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$386,321$3,690
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.110%7.320%
Blended rate3.960%7.560%
1st payment$1,830.13$25.35
2nd payment$0.00$0.00
Taxes / mo$651.50$651.50
Insurance / mo$150.00$150.00
MI / mo$303.20$0.74
HOA / mo$6.08$6.08
Total monthly$2,940.91$833.67
Cash to close$0$410