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$741,697$719,910
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.72%7.24%
Blended rate7.27%7.48%
1st payment$4,856.93$4,906.17
2nd payment$0.00$0.00
Taxes / mo$372.42$372.42
Insurance / mo$216.67$216.67
MI / mo$344.27$143.98
HOA / mo$155.00$155.00
Total monthly$5,945.29$5,794.24
Cash to close$58,203$79,990