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$677,156$625,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.240%
Blended rate7.200%7.480%
1st payment$4,411.72$4,262.77
2nd payment$0.00$0.00
Taxes / mo$372.33$372.33
Insurance / mo$166.67$166.67
MI / mo$314.98$125.10
HOA / mo$95.67$95.67
Total monthly$5,361.37$5,022.54
Cash to close$17,844$69,500