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$953,513$733,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$5,548.95$5,078.61
2nd payment$0.00$0.00
Taxes / mo$487.25$487.25
Insurance / mo$216.67$216.67
MI / mo$723.92$146.70
HOA / mo$0.00$0.00
Total monthly$6,976.78$5,929.22
Cash to close$0$81,500