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$725,220$697,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.440%7.400%
Blended rate6.990%7.640%
1st payment$4,649.57$4,829.35
2nd payment$0.00$0.00
Taxes / mo$420.42$420.42
Insurance / mo$216.67$216.67
MI / mo$339.27$139.50
HOA / mo$75.00$75.00
Total monthly$5,700.92$5,680.93
Cash to close$49,780$77,500