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$748,865$709,200
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.320%
Blended rate7.420%7.560%
1st payment$4,996.44$4,871.71
2nd payment$0.00$0.00
Taxes / mo$354.58$354.58
Insurance / mo$216.67$216.67
MI / mo$348.77$141.84
HOA / mo$6.25$6.25
Total monthly$5,922.71$5,591.05
Cash to close$39,135$78,800