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$777,683$715,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$5,229.74$4,953.98
2nd payment$0.00$0.00
Taxes / mo$355.92$355.92
Insurance / mo$216.67$216.67
MI / mo$362.11$143.10
HOA / mo$326.00$326.00
Total monthly$6,490.43$5,995.66
Cash to close$17,317$79,500