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$745,786$539,999
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.210%7.400%
Blended rate4.060%7.640%
1st payment$3,572.37$3,738.84
2nd payment$0.00$0.00
Taxes / mo$500.00$500.00
Insurance / mo$166.67$166.67
MI / mo$584.38$108.00
HOA / mo$0.00$0.00
Total monthly$4,823.41$4,513.51
Cash to close$0$60,000