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$392,237$392,237$405,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$35,263$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.586%7.560%
1st payment$2,606.13$2,606.13$2,782.07
2nd payment$0.00$348.96$0.00
Taxes / mo$120.25$120.25$120.25
Insurance / mo$150.00$150.00$150.00
MI / mo$186.07$186.07$81.00
HOA / mo$139.00$139.00$139.00
Total monthly$3,201.45$3,550.41$3,272.32
Cash to close$57,763$22,500$45,000