Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

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$0$0$341,991
Remaining term (yrs)——30.0
Secondary amount$0$341,991$0
Funding fee$0$0$0
Note rate5.598%5.598%7.400%
Blended rate6.448%7.750%7.640%
1st payment$0.00$0.00$2,367.88
2nd payment$0.00$2,208.69$0.00
Taxes / mo$18.42$18.42$18.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$62.00$62.00$62.00
Total monthly$230.42$2,439.11$2,666.69
Cash to close$379,990$37,999$37,999