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$425,691
Remaining term (yrs)——30.0
Secondary amount$0$425,691$0
Funding fee$0$0$0
Note rate0%0%7.11%
Blended rate0.85%7.75%7.35%
1st payment$0.00$0.00$2,863.65
2nd payment$0.00$2,749.25$0.00
Taxes / mo$54.08$54.08$54.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.14
HOA / mo$186.00$186.00$186.00
Total monthly$406.75$3,156.00$3,355.54
Cash to close$472,990$47,299$47,299