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$762,252$737,010
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.630%7.400%
Blended rate8.180%7.640%
1st payment$5,544.48$5,102.91
2nd payment$0.00$0.00
Taxes / mo$682.42$682.42
Insurance / mo$216.67$216.67
MI / mo$358.86$147.40
HOA / mo$166.00$166.00
Total monthly$6,968.42$6,315.39
Cash to close$56,648$81,890