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$572,400
Remaining term (yrs)20.220.230.0
Secondary amount$0$572,400$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.750%7.640%
1st payment$0.00$0.00$3,963.18
2nd payment$0.00$3,696.75$0.00
Taxes / mo$515.00$515.00$515.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.48
HOA / mo$0.00$0.00$0.00
Total monthly$681.67$4,378.42$4,759.33
Cash to close$636,000$63,600$63,600