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$4,986,366$377,910
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$31,603.40$2,616.57
2nd payment$0.00$0.00
Taxes / mo$176.50$176.50
Insurance / mo$150.00$150.00
MI / mo$2,291.67$75.58
HOA / mo$0.00$0.00
Total monthly$34,221.57$3,018.65
Cash to close$0$41,990