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$215,329$215,329$312,300
Remaining term (yrs)26.126.130.0
Secondary amount$0$96,971$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%8.173%7.560%
1st payment$1,488.50$1,488.50$2,145.28
2nd payment$0.00$727.28$0.00
Taxes / mo$220.00$220.00$220.00
Insurance / mo$150.00$150.00$150.00
MI / mo$159.28$159.28$62.46
HOA / mo$85.00$85.00$85.00
Total monthly$2,102.78$2,830.07$2,662.74
Cash to close$131,671$34,700$34,700