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$1,538,755$1,282,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.050%7.400%
Blended rate6.600%7.640%
1st payment$9,673.54$8,879.77
2nd payment$0.00$0.00
Taxes / mo$379.50$379.50
Insurance / mo$216.67$216.67
MI / mo$735.56$256.50
HOA / mo$16.67$16.67
Total monthly$11,021.93$9,749.11
Cash to close$0$142,500