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$632,654$616,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.35%7.24%
Blended rate6.9%7.48%
1st payment$4,032.37$4,201.44
2nd payment$0.00$0.00
Taxes / mo$347.33$347.33
Insurance / mo$166.67$166.67
MI / mo$297.02$123.30
HOA / mo$86.00$86.00
Total monthly$4,929.39$4,924.74
Cash to close$52,346$68,500