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$667,313$652,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.44%7.24%
Blended rate6.99%7.48%
1st payment$4,282.79$4,446.78
2nd payment$0.00$0.00
Taxes / mo$715.17$715.17
Insurance / mo$216.67$216.67
MI / mo$312.51$130.50
HOA / mo$136.00$136.00
Total monthly$5,663.13$5,645.11
Cash to close$57,687$72,500