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$593,100
Remaining term (yrs)19.019.030.0
Secondary amount$0$593,100$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$4,106.50
2nd payment$0.00$3,830.44$0.00
Taxes / mo$549.17$549.17$549.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$517.00$517.00$517.00
Total monthly$1,232.83$5,063.27$5,457.96
Cash to close$659,000$65,900$65,900