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$677,106$86,400
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.190%7.320%
Blended rate6.740%7.560%
1st payment$4,188.05$593.51
2nd payment$0.00$0.00
Taxes / mo$80.00$80.00
Insurance / mo$150.00$150.00
MI / mo$313.74$17.28
HOA / mo$0.00$0.00
Total monthly$4,731.79$840.79
Cash to close$0$9,600