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$427,410
Remaining term (yrs)0.00.030.0
Secondary amount$0$427,410$0
Funding fee$0$0$0
Note rate9.190%9.190%7.400%
Blended rate10.040%7.750%7.640%
1st payment$524.84$524.84$2,959.30
2nd payment$0.00$2,760.36$0.00
Taxes / mo$108.50$108.50$108.50
Insurance / mo$166.67$166.67$166.67
MI / mo$45.43$45.43$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$845.44$3,605.80$3,319.95
Cash to close$474,900$47,490$47,490