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$381,591
Remaining term (yrs)——30.0
Secondary amount$0$381,591$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.850%7.750%7.640%
1st payment$0.00$0.00$2,642.06
2nd payment$0.00$2,464.44$0.00
Taxes / mo$17.92$17.92$17.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.32
HOA / mo$62.00$62.00$62.00
Total monthly$229.92$2,694.36$2,948.29
Cash to close$423,990$42,399$42,399