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$134,315$134,315$359,708
Remaining term (yrs)23.323.330.0
Secondary amount$0$225,392$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%6.339%7.560%
1st payment$672.65$672.65$2,470.94
2nd payment$0.00$1,455.66$0.00
Taxes / mo$75.17$75.17$75.17
Insurance / mo$150.00$150.00$150.00
MI / mo$106.67$106.67$71.94
HOA / mo$0.00$0.00$0.00
Total monthly$1,004.48$2,460.14$2,768.05
Cash to close$265,360$39,968$39,968