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$874,489$832,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.930%7.400%
Blended rate7.480%7.640%
1st payment$5,863.73$5,764.06
2nd payment$0.00$0.00
Taxes / mo$770.83$770.83
Insurance / mo$216.67$216.67
MI / mo$406.83$166.50
HOA / mo$0.00$0.00
Total monthly$7,258.06$6,918.06
Cash to close$50,511$92,500