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$719,064$251,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate6.880%7.640%
1st payment$4,669.39$1,744.17
2nd payment$0.00$0.00
Taxes / mo$285.67$285.67
Insurance / mo$150.00$150.00
MI / mo$344.67$50.38
HOA / mo$190.00$190.00
Total monthly$5,639.72$2,420.22
Cash to close$0$27,990