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$458,991
Remaining term (yrs)29.729.730.0
Secondary amount$0$458,991$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$3,177.96
2nd payment$0.00$2,964.32$0.00
Taxes / mo$4.50$4.50$4.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$175.00$175.00$175.00
Total monthly$346.17$3,310.48$3,615.93
Cash to close$509,990$50,999$50,999