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$710,073$4,950
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$4,203.77$34.27
2nd payment$0.00$0.00
Taxes / mo$4.58$4.58
Insurance / mo$150.00$150.00
MI / mo$536.22$0.99
HOA / mo$0.00$0.00
Total monthly$4,894.57$189.85
Cash to close$0$550