Understanding RE terms

[AJ Angel]

What does this all exactly mean?  thank you for your help.  

ALL CASH, NEW LOAN OR ASSUME EXISTING 5% INTEREST/30 YEAR FULLY AMORTIZED LOAN WITH APPROX. $176,000 BALANCE (8% INTEREST STARTING IN SEPTEMBER 2018). NO ASSUMPTION FEE! 

[Jon Holdman]

Originally posted by @AJ Angel:

Thanks for the info. If I don't have the cash what's the best option?

Get a loan.  The listing allows for either getting a new loan or assuming the existing one.  The terms on the existing loan don't look too good, though.  But maybe easier than getting a new one.  Be careful that you're not paying too much for the property because of the (potential) ease of getting the loan.