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$1,066,539$675,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.94%7.24%
Blended rate3.79%7.48%
1st payment$4,957.74$4,600.11
2nd payment$0.00$0.00
Taxes / mo$245.92$245.92
Insurance / mo$216.67$216.67
MI / mo$839.38$135.00
HOA / mo$0.00$0.00
Total monthly$6,259.70$5,197.70
Cash to close$0$75,000