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$306,700$270,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,050.51$1,869.43
2nd payment$0.00$0.00
Taxes / mo$268.42$268.42
Insurance / mo$150.00$150.00
MI / mo$144.46$54.00
HOA / mo$168.00$168.00
Total monthly$2,781.38$2,509.84
Cash to close$0$30,000