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$197,100
Remaining term (yrs)——30.0
Secondary amount$0$197,100$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$1,364.68
2nd payment$0.00$1,314.00$0.00
Taxes / mo$54.08$54.08$54.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.42
HOA / mo$275.00$275.00$275.00
Total monthly$479.08$1,793.08$1,883.18
Cash to close$219,000$21,900$21,900