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$547,772
Remaining term (yrs)——30.0
Secondary amount$0$547,772$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$3,792.66
2nd payment$0.00$3,537.69$0.00
Taxes / mo$129.00$129.00$129.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.55
HOA / mo$0.00$0.00$0.00
Total monthly$295.67$3,833.36$4,197.88
Cash to close$608,635$60,864$60,864