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$422,368$422,368$427,410
Remaining term (yrs)28.728.730.0
Secondary amount$0$28,787$0
Funding fee$0$0$0
Note rate6.860%6.860%7.320%
Blended rate7.410%7.695%7.560%
1st payment$2,804.77$2,804.77$2,936.01
2nd payment$0.00$284.87$0.00
Taxes / mo$164.25$164.25$164.25
Insurance / mo$166.67$166.67$166.67
MI / mo$195.99$195.99$85.48
HOA / mo$83.00$83.00$83.00
Total monthly$3,414.67$3,699.54$3,435.41
Cash to close$52,532$23,745$47,490