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$820,098$791,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$5,323.00$5,483.02
2nd payment$0.00$0.00
Taxes / mo$733.25$733.25
Insurance / mo$216.67$216.67
MI / mo$392.09$158.38
HOA / mo$0.00$0.00
Total monthly$6,665.00$6,591.32
Cash to close$59,802$87,990