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$143,550
Remaining term (yrs)——30.0
Secondary amount$0$143,550$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$993.91
2nd payment$0.00$957.00$0.00
Taxes / mo$72.75$72.75$72.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.71
HOA / mo$255.00$255.00$255.00
Total monthly$477.75$1,434.75$1,500.37
Cash to close$159,500$15,950$15,950