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$689,505$449,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$4,491.98$3,109.48
2nd payment$0.00$0.00
Taxes / mo$519.79$519.79
Insurance / mo$166.67$166.67
MI / mo$322.37$89.82
HOA / mo$0.00$0.00
Total monthly$5,500.81$3,885.76
Cash to close$0$49,900