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$246,513$246,513$341,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$95,397$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.244%7.560%
1st payment$1,191.31$1,191.31$2,348.68
2nd payment$0.00$715.47$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$68.38
HOA / mo$94.00$94.00$94.00
Total monthly$1,755.67$2,471.15$2,779.73
Cash to close$133,387$37,990$37,990