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$404,091
Remaining term (yrs)——30.0
Secondary amount$0$404,091$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$2,797.84
2nd payment$0.00$2,609.75$0.00
Taxes / mo$8.50$8.50$8.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$165.00$165.00$165.00
Total monthly$323.50$2,933.25$3,202.16
Cash to close$448,990$44,899$44,899