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$842,055$3,599
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$5,456.13$24.92
2nd payment$0.00$0.00
Taxes / mo$3.33$3.33
Insurance / mo$150.00$150.00
MI / mo$403.16$0.72
HOA / mo$0.00$0.00
Total monthly$6,012.63$178.97
Cash to close$0$400