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$810,448$630,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$5,101.56$4,361.99
2nd payment$0.00$0.00
Taxes / mo$583.33$583.33
Insurance / mo$166.67$166.67
MI / mo$375.78$126.00
HOA / mo$0.00$0.00
Total monthly$6,227.34$5,237.99
Cash to close$0$70,000