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$280,619$270,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.13%7.18%
Blended rate6.68%7.42%
1st payment$1,784.80$1,829.07
2nd payment$0.00$0.00
Taxes / mo$45.75$45.75
Insurance / mo$150.00$150.00
MI / mo$134.56$54.00
HOA / mo$0.00$0.00
Total monthly$2,115.11$2,078.82
Cash to close$19,381$30,000