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$957,097$749,700
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.060%7.400%
Blended rate3.910%7.640%
1st payment$4,620.21$5,190.77
2nd payment$0.00$0.00
Taxes / mo$694.17$694.17
Insurance / mo$216.67$216.67
MI / mo$770.31$149.94
HOA / mo$0.00$0.00
Total monthly$6,301.36$6,251.54
Cash to close$0$83,300