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$678,140$652,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$4,477.08$4,517.78
2nd payment$0.00$0.00
Taxes / mo$604.17$604.17
Insurance / mo$216.67$216.67
MI / mo$319.97$130.50
HOA / mo$695.00$695.00
Total monthly$6,312.88$6,164.11
Cash to close$46,860$72,500