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$304,429$304,429$328,499
Remaining term (yrs)27.927.930.0
Secondary amount$0$42,320$0
Funding fee$0$0$0
Note rate6.460%6.460%7.320%
Blended rate7.010%7.604%7.560%
1st payment$1,959.79$1,959.79$2,256.56
2nd payment$0.00$418.79$0.00
Taxes / mo$102.75$102.75$102.75
Insurance / mo$150.00$150.00$150.00
MI / mo$142.70$142.70$65.70
HOA / mo$44.00$44.00$44.00
Total monthly$2,399.25$2,818.03$2,619.01
Cash to close$60,570$18,250$36,500