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$746,100
Remaining term (yrs)——30.0
Secondary amount$0$746,100$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$5,165.85
2nd payment$0.00$4,818.56$0.00
Taxes / mo$690.83$690.83$690.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$149.22
HOA / mo$0.00$0.00$0.00
Total monthly$907.50$5,726.06$6,222.57
Cash to close$829,000$82,900$82,900