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$834,790$715,499
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.560%7.400%
Blended rate6.410%7.640%
1st payment$5,050.86$4,953.97
2nd payment$0.00$0.00
Taxes / mo$989.58$989.58
Insurance / mo$216.67$216.67
MI / mo$625.95$143.10
HOA / mo$0.00$0.00
Total monthly$6,883.06$6,303.32
Cash to close$0$79,500