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$756,977$719,999
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$5,095.50$4,985.13
2nd payment$0.00$0.00
Taxes / mo$666.67$666.67
Insurance / mo$216.67$216.67
MI / mo$352.46$144.00
HOA / mo$99.00$99.00
Total monthly$6,430.29$6,111.46
Cash to close$43,022$80,000