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$458,991
Remaining term (yrs)——30.0
Secondary amount$0$458,991$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$3,177.96
2nd payment$0.00$2,964.32$0.00
Taxes / mo$54.08$54.08$54.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$185.00$185.00$185.00
Total monthly$405.75$3,370.07$3,675.51
Cash to close$509,990$50,999$50,999