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$284,967$284,967$342,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$57,033$0
Funding fee$0$0$0
Note rate3.690%3.690%7.240%
Blended rate4.540%5.284%7.480%
1st payment$1,441.29$1,441.29$2,330.72
2nd payment$0.00$427.75$0.00
Taxes / mo$123.25$123.25$123.25
Insurance / mo$150.00$150.00$150.00
MI / mo$222.07$222.07$68.40
HOA / mo$75.00$75.00$75.00
Total monthly$2,011.62$2,439.36$2,747.37
Cash to close$95,033$38,000$38,000