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$289,332$289,332$436,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$147,168$0
Funding fee$0$0$0
Note rate5.250%5.250%7.240%
Blended rate5.800%6.542%7.480%
1st payment$1,614.67$1,614.67$2,974.74
2nd payment$0.00$981.12$0.00
Taxes / mo$159.08$159.08$159.08
Insurance / mo$166.67$166.67$166.67
MI / mo$134.02$134.02$87.30
HOA / mo$633.00$633.00$633.00
Total monthly$2,707.43$3,688.55$4,020.79
Cash to close$195,668$48,500$48,500