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$323,147$323,147$342,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$37,853$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.959%7.560%
1st payment$2,187.63$2,187.63$2,349.30
2nd payment$0.00$374.58$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$150.00$150.00$150.00
MI / mo$151.47$151.47$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,616.69$2,991.27$2,695.29
Cash to close$56,853$19,000$38,000