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$22,542$22,542$270,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$247,458$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.675%7.560%
1st payment$149.81$149.81$1,854.71
2nd payment$0.00$1,598.17$0.00
Taxes / mo$90.33$90.33$90.33
Insurance / mo$150.00$150.00$150.00
MI / mo$10.36$10.36$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$400.50$1,998.67$2,149.05
Cash to close$277,458$30,000$30,000