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$410,391
Remaining term (yrs)——30.0
Secondary amount$0$410,391$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$2,841.46
2nd payment$0.00$2,650.44$0.00
Taxes / mo$8.75$8.75$8.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.08
HOA / mo$0.00$0.00$0.00
Total monthly$175.42$2,825.86$3,098.96
Cash to close$455,990$45,599$45,599