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$494,991
Remaining term (yrs)29.129.130.0
Secondary amount$0$494,991$0
Funding fee$0$0$0
Note rate5.891%5.891%7.18%
Blended rate6.441%7.75%7.42%
1st payment$0.00$0.00$3,353.24
2nd payment$0.00$3,196.82$0.00
Taxes / mo$104.50$104.50$104.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$190.00$190.00$190.00
Total monthly$461.17$3,657.98$3,913.41
Cash to close$549,990$54,999$54,999