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$629,991
Remaining term (yrs)28.828.830.0
Secondary amount$0$629,991$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate5.800%7.750%7.640%
1st payment$0.00$0.00$4,361.93
2nd payment$0.00$4,068.69$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$82.00$82.00$82.00
Total monthly$831.99$4,900.68$5,319.92
Cash to close$699,990$69,999$69,999