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$634,206$611,910
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$4,231.33$4,236.74
2nd payment$0.00$0.00
Taxes / mo$238.83$238.83
Insurance / mo$166.67$166.67
MI / mo$301.48$122.38
HOA / mo$90.00$90.00
Total monthly$5,028.31$4,854.62
Cash to close$45,694$67,990