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$750,923$692,100
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$4,640.41$4,791.96
2nd payment$0.00$0.00
Taxes / mo$640.83$640.83
Insurance / mo$216.67$216.67
MI / mo$346.52$138.42
HOA / mo$311.00$311.00
Total monthly$6,155.43$6,098.88
Cash to close$18,077$76,900