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$481,500
Remaining term (yrs)——30.0
Secondary amount$0$481,500$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$3,333.81
2nd payment$0.00$3,109.69$0.00
Taxes / mo$323.67$323.67$323.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$83.00$83.00$83.00
Total monthly$573.33$3,683.02$4,003.44
Cash to close$535,000$53,500$53,500