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$368,991
Remaining term (yrs)——30.0
Secondary amount$0$368,991$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.850%7.750%7.640%
1st payment$0.00$0.00$2,554.82
2nd payment$0.00$2,383.07$0.00
Taxes / mo$22.58$22.58$22.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$62.00$62.00$62.00
Total monthly$234.58$2,617.65$2,863.20
Cash to close$409,990$40,999$40,999