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$931,986$297,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.750%7.400%
Blended rate6.300%7.640%
1st payment$5,491.42$2,056.37
2nd payment$0.00$0.00
Taxes / mo$122.75$122.75
Insurance / mo$150.00$150.00
MI / mo$431.29$59.40
HOA / mo$92.00$92.00
Total monthly$6,287.46$2,480.52
Cash to close$0$33,000