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$270,600$265,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$1,891.08$1,838.27
2nd payment$0.00$0.00
Taxes / mo$240.08$240.08
Insurance / mo$150.00$150.00
MI / mo$127.82$53.10
HOA / mo$257.00$257.00
Total monthly$2,665.98$2,538.45
Cash to close$24,400$29,500