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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$614,670$614,670$629,991
Remaining term (yrs)28.228.230.0
Secondary amount$0$50,321$0
Funding fee$0$0$0
Note rate6.93%6.93%7.24%
Blended rate7.48%7.813%7.48%
1st payment$4,133.16$4,133.16$4,293.38
2nd payment$0.00$497.97$0.00
Taxes / mo$652.00$652.00$652.00
Insurance / mo$166.67$166.67$166.67
MI / mo$286.76$286.76$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,238.59$5,736.55$5,238.04
Cash to close$85,320$35,000$69,999