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$782,434$719,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.560%7.400%
Blended rate7.110%7.640%
1st payment$5,027.22$4,978.90
2nd payment$0.00$0.00
Taxes / mo$402.58$402.58
Insurance / mo$216.67$216.67
MI / mo$362.28$143.82
HOA / mo$57.00$57.00
Total monthly$6,065.74$5,798.97
Cash to close$16,566$79,900