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$640,458$611,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$4,139.53$4,231.13
2nd payment$0.00$0.00
Taxes / mo$565.83$565.83
Insurance / mo$166.67$166.67
MI / mo$300.17$122.22
HOA / mo$99.00$99.00
Total monthly$5,271.20$5,184.85
Cash to close$38,542$67,900