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$725,024$679,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$4,833.39$4,704.72
2nd payment$0.00$0.00
Taxes / mo$406.75$406.75
Insurance / mo$216.67$216.67
MI / mo$336.71$135.90
HOA / mo$60.00$60.00
Total monthly$5,853.52$5,524.04
Cash to close$29,976$75,500