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$147,486$147,486$346,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$199,014$0
Funding fee$0$0$0
Note rate4.190%4.190%7.320%
Blended rate5.040%6.740%7.560%
1st payment$894.42$894.42$2,380.21
2nd payment$0.00$1,326.76$0.00
Taxes / mo$114.50$114.50$114.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.71$129.71$69.30
HOA / mo$40.00$40.00$40.00
Total monthly$1,328.64$2,655.39$2,754.01
Cash to close$237,514$38,500$38,500