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$171,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$171,000$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.760%8.000%7.640%
1st payment$449.95$449.95$1,183.97
2nd payment$0.00$1,140.00$0.00
Taxes / mo$91.83$91.83$91.83
Insurance / mo$150.00$150.00$150.00
MI / mo$48.34$48.34$34.20
HOA / mo$290.00$290.00$290.00
Total monthly$1,030.13$2,170.13$1,750.00
Cash to close$190,000$19,000$19,000