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$583,191
Remaining term (yrs)——30.0
Secondary amount$0$583,191$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$4,037.90
2nd payment$0.00$3,766.44$0.00
Taxes / mo$162.33$162.33$162.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.64
HOA / mo$18.00$18.00$18.00
Total monthly$347.00$4,113.44$4,501.53
Cash to close$647,990$64,799$64,799