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$166,117$3,510
Remaining term (yrs)19.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.280%7.400%
Blended rate3.130%7.640%
1st payment$865.41$24.30
2nd payment$0.00$0.00
Taxes / mo$3.25$3.25
Insurance / mo$150.00$150.00
MI / mo$140.08$0.70
HOA / mo$0.00$0.00
Total monthly$1,158.74$178.25
Cash to close$0$390