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$292,224$270,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$2,034.19$1,869.43
2nd payment$0.00$0.00
Taxes / mo$144.51$144.51
Insurance / mo$150.00$150.00
MI / mo$137.08$54.00
HOA / mo$135.00$135.00
Total monthly$2,600.78$2,352.94
Cash to close$7,776$30,000