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$702,803$647,910
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.150%7.320%
Blended rate6.700%7.560%
1st payment$4,306.99$4,450.69
2nd payment$0.00$0.00
Taxes / mo$599.92$599.92
Insurance / mo$216.67$216.67
MI / mo$324.02$129.58
HOA / mo$0.00$0.00
Total monthly$5,447.60$5,396.86
Cash to close$17,097$71,990