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$389,901$270,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.090%7.400%
Blended rate5.940%7.640%
1st payment$2,263.18$1,869.43
2nd payment$0.00$0.00
Taxes / mo$455.83$455.83
Insurance / mo$150.00$150.00
MI / mo$295.59$54.00
HOA / mo$344.00$344.00
Total monthly$3,508.60$2,873.26
Cash to close$0$30,000