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$719,790$674,899
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$4,830.34$4,672.87
2nd payment$0.00$0.00
Taxes / mo$624.91$624.91
Insurance / mo$216.67$216.67
MI / mo$337.52$134.98
HOA / mo$0.00$0.00
Total monthly$6,009.44$5,649.42
Cash to close$30,098$74,989