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$601,586$584,999
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$3,908.09$4,050.42
2nd payment$0.00$0.00
Taxes / mo$541.67$541.67
Insurance / mo$166.67$166.67
MI / mo$279.02$117.00
HOA / mo$0.00$0.00
Total monthly$4,895.44$4,875.75
Cash to close$48,413$65,000