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)——30.0
Secondary amount$0$629,991$0
Funding fee$0$0$0
Note rate5.891%5.891%7.18%
Blended rate6.741%7.75%7.42%
1st payment$0.00$0.00$4,267.78
2nd payment$0.00$4,068.69$0.00
Taxes / mo$594.99$594.99$594.99
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$180.00$180.00$180.00
Total monthly$941.66$5,010.35$5,335.43
Cash to close$699,990$69,999$69,999