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$787,322$755,955
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$5,211.47$5,234.08
2nd payment$0.00$0.00
Taxes / mo$699.96$699.96
Insurance / mo$216.67$216.67
MI / mo$369.03$151.19
HOA / mo$0.00$0.00
Total monthly$6,497.12$6,301.90
Cash to close$52,628$83,995