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$807,022$657,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$5,358.50$4,548.94
2nd payment$0.00$0.00
Taxes / mo$608.33$608.33
Insurance / mo$216.67$216.67
MI / mo$379.83$131.40
HOA / mo$0.00$0.00
Total monthly$6,563.33$5,505.34
Cash to close$0$73,000