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$124,289$124,289$405,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$280,711$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.811%7.560%
1st payment$857.78$857.78$2,782.07
2nd payment$0.00$1,812.92$0.00
Taxes / mo$184.92$184.92$184.92
Insurance / mo$150.00$150.00$150.00
MI / mo$129.76$129.76$81.00
HOA / mo$125.00$125.00$125.00
Total monthly$1,447.46$3,260.38$3,322.99
Cash to close$325,711$45,000$45,000