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$871,336$616,410
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$5,916.05$4,267.90
2nd payment$0.00$0.00
Taxes / mo$570.75$570.75
Insurance / mo$166.67$166.67
MI / mo$409.21$123.28
HOA / mo$458.00$458.00
Total monthly$7,520.68$5,586.60
Cash to close$0$68,490