UMe Realty Group
Call Robert

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$119,291$119,291$166,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$47,209$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%5.188%7.560%
1st payment$567.03$567.03$1,143.74
2nd payment$0.00$354.07$0.00
Taxes / mo$33.83$33.83$33.83
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$33.30
HOA / mo$250.00$250.00$250.00
Total monthly$1,098.23$1,452.30$1,610.87
Cash to close$65,709$18,500$18,500