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$37,101$37,101$130,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$93,399$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%7.951%7.560%
1st payment$222.82$222.82$896.44
2nd payment$0.00$700.49$0.00
Taxes / mo$49.75$49.75$49.75
Insurance / mo$150.00$150.00$150.00
MI / mo$31.30$31.30$26.10
HOA / mo$50.00$50.00$50.00
Total monthly$503.87$1,204.36$1,172.29
Cash to close$107,899$14,500$14,500