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$290,006$206,910
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.140%7.320%
Blended rate3.990%7.560%
1st payment$1,384.35$1,421.33
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$1,759.63
Cash to close$0$22,990