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$416,482
Remaining term (yrs)——30.0
Secondary amount$0$416,482$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%7.750%7.640%
1st payment$0.00$0.00$2,883.64
2nd payment$0.00$2,689.78$0.00
Taxes / mo$39.42$39.42$39.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.30
HOA / mo$157.00$157.00$157.00
Total monthly$363.08$3,052.86$3,330.02
Cash to close$462,758$46,276$46,276