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$179,910
Remaining term (yrs)17.517.530.0
Secondary amount$0$179,910$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%8.000%7.640%
1st payment$0.00$0.00$1,245.66
2nd payment$0.00$1,199.40$0.00
Taxes / mo$199.58$199.58$199.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$349.58$1,548.98$1,631.23
Cash to close$199,900$19,990$19,990