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$7,024,998$247,410
Remaining term (yrs)22.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.750%7.400%
Blended rate5.600%7.640%
1st payment$42,576.91$1,713.02
2nd payment$0.00$0.00
Taxes / mo$186.17$186.17
Insurance / mo$150.00$150.00
MI / mo$5,781.42$49.48
HOA / mo$0.00$0.00
Total monthly$48,694.50$2,098.67
Cash to close$0$27,490