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$678,681$643,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.69%7.24%
Blended rate7.24%7.48%
1st payment$4,461.20$4,385.44
2nd payment$0.00$0.00
Taxes / mo$659.42$659.42
Insurance / mo$216.67$216.67
MI / mo$317.20$128.70
HOA / mo$0.00$0.00
Total monthly$5,654.49$5,390.22
Cash to close$36,319$71,500