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$144,000
Remaining term (yrs)——30.0
Secondary amount$0$144,000$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$997.03
2nd payment$0.00$960.00$0.00
Taxes / mo$133.33$133.33$133.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$283.33$1,243.33$1,309.16
Cash to close$160,000$16,000$16,000