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$365,950$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$2,446.63$1,869.43
2nd payment$0.00$0.00
Taxes / mo$335.92$335.92
Insurance / mo$150.00$150.00
MI / mo$172.36$54.00
HOA / mo$75.00$75.00
Total monthly$3,179.91$2,484.34
Cash to close$0$30,000