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$722,357$682,200
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.210%7.640%
1st payment$4,773.27$4,723.41
2nd payment$0.00$0.00
Taxes / mo$631.67$631.67
Insurance / mo$216.67$216.67
MI / mo$340.44$136.44
HOA / mo$226.00$226.00
Total monthly$6,188.04$5,934.19
Cash to close$35,643$75,800