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$304,909$304,909$373,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$68,591$0
Funding fee$0$0$0
Note rate7.620%7.620%7.320%
Blended rate8.170%8.322%7.560%
1st payment$2,215.81$2,215.81$2,565.69
2nd payment$0.00$514.43$0.00
Taxes / mo$178.08$178.08$178.08
Insurance / mo$150.00$150.00$150.00
MI / mo$143.56$143.56$74.70
HOA / mo$150.00$150.00$150.00
Total monthly$2,837.45$3,351.88$3,118.47
Cash to close$110,091$41,500$41,500