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$597,677$557,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.34%7.24%
Blended rate6.89%7.48%
1st payment$3,875.55$3,796.63
2nd payment$0.00$0.00
Taxes / mo$256.25$256.25
Insurance / mo$166.67$166.67
MI / mo$285.77$111.42
HOA / mo$82.00$82.00
Total monthly$4,666.24$4,412.96
Cash to close$21,323$61,900