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$2,679$2,679$431,910
Remaining term (yrs)0.40.430.0
Secondary amount$0$429,231$0
Funding fee$0$0$0
Note rate7.740%7.740%7.400%
Blended rate8.590%7.755%7.640%
1st payment$456.66$456.66$2,990.46
2nd payment$0.00$2,772.12$0.00
Taxes / mo$155.33$155.33$155.33
Insurance / mo$166.67$166.67$166.67
MI / mo$45.19$45.19$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$823.85$3,595.97$3,398.84
Cash to close$477,221$47,990$47,990