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$40,024$40,024$454,500
Remaining term (yrs)4.44.430.0
Secondary amount$0$414,476$0
Funding fee$0$0$0
Note rate7.120%7.120%7.320%
Blended rate7.970%7.769%7.560%
1st payment$855.03$855.03$3,122.10
2nd payment$0.00$2,676.82$0.00
Taxes / mo$78.67$78.67$78.67
Insurance / mo$166.67$166.67$166.67
MI / mo$89.94$89.94$90.90
HOA / mo$96.00$96.00$96.00
Total monthly$1,286.31$3,963.13$3,554.33
Cash to close$464,976$50,500$50,500