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$395,999
Remaining term (yrs)——30.0
Secondary amount$0$395,999$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$2,741.82
2nd payment$0.00$2,557.49$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$325.00$325.00$325.00
Total monthly$841.67$3,399.16$3,662.68
Cash to close$439,999$44,000$44,000