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$757,189$738,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$5,046.67$5,109.76
2nd payment$0.00$0.00
Taxes / mo$683.33$683.33
Insurance / mo$216.67$216.67
MI / mo$353.36$147.60
HOA / mo$0.00$0.00
Total monthly$6,300.03$6,157.36
Cash to close$62,811$82,000