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$1,081,318$899,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.050%7.400%
Blended rate6.600%7.640%
1st payment$6,806.29$6,225.19
2nd payment$0.00$0.00
Taxes / mo$832.50$832.50
Insurance / mo$216.67$216.67
MI / mo$517.54$179.82
HOA / mo$0.00$0.00
Total monthly$8,372.99$7,454.17
Cash to close$0$99,900