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$822,577$733,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.320%
Blended rate5.950%7.560%
1st payment$4,772.08$5,038.64
2nd payment$0.00$0.00
Taxes / mo$679.17$679.17
Insurance / mo$216.67$216.67
MI / mo$622.57$146.70
HOA / mo$0.00$0.00
Total monthly$6,290.48$6,081.17
Cash to close$0$81,500