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 rate3.500%3.500%7.400%
Blended rate4.350%7.750%7.640%
1st payment$0.00$0.00$2,367.88
2nd payment$0.00$2,208.69$0.00
Taxes / mo$316.66$316.66$316.66
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$4.33$4.33$4.33
Total monthly$470.99$2,679.68$2,907.26
Cash to close$379,990$37,999$37,999