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$342,761$270,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,219.93$1,869.43
2nd payment$0.00$0.00
Taxes / mo$265.39$265.39
Insurance / mo$150.00$150.00
MI / mo$163.69$54.00
HOA / mo$0.00$0.00
Total monthly$2,799.01$2,338.82
Cash to close$0$30,000