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$910,872$872,100
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$5,833.82$5,990.72
2nd payment$0.00$0.00
Taxes / mo$807.50$807.50
Insurance / mo$216.67$216.67
MI / mo$423.03$174.42
HOA / mo$0.00$0.00
Total monthly$7,281.02$7,189.31
Cash to close$58,128$96,900