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$170,910
Remaining term (yrs)——30.0
Secondary amount$0$170,910$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.850%8.000%7.640%
1st payment$0.00$0.00$1,183.35
2nd payment$0.00$1,139.40$0.00
Taxes / mo$27.53$27.53$27.53
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$34.18
HOA / mo$269.00$269.00$269.00
Total monthly$446.53$1,585.93$1,664.06
Cash to close$189,900$18,990$18,990