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$621,789$589,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.320%
Blended rate6.940%7.560%
1st payment$4,046.77$4,049.46
2nd payment$0.00$0.00
Taxes / mo$329.67$329.67
Insurance / mo$166.67$166.67
MI / mo$296.83$117.90
HOA / mo$85.00$85.00
Total monthly$4,924.94$4,748.69
Cash to close$33,211$65,500