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$428,391
Remaining term (yrs)——30.0
Secondary amount$0$428,391$0
Funding fee$0$0$0
Note rate5.891%5.891%7.400%
Blended rate6.741%7.750%7.640%
1st payment$0.00$0.00$2,966.09
2nd payment$0.00$2,766.69$0.00
Taxes / mo$8.83$8.83$8.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.68
HOA / mo$44.00$44.00$44.00
Total monthly$219.50$2,986.19$3,271.27
Cash to close$475,990$47,599$47,599