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$193,410
Remaining term (yrs)0.00.030.0
Secondary amount$0$193,410$0
Funding fee$0$0$0
Note rate7.680%7.680%7.400%
Blended rate8.530%8.000%7.640%
1st payment$389.99$389.99$1,339.13
2nd payment$0.00$1,289.40$0.00
Taxes / mo$50.83$50.83$50.83
Insurance / mo$150.00$150.00$150.00
MI / mo$38.82$38.82$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$629.64$1,919.04$1,578.65
Cash to close$214,900$21,490$21,490