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$279,384$279,384$310,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$31,116$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.497%7.560%
1st payment$1,881.76$1,881.76$2,132.92
2nd payment$0.00$233.37$0.00
Taxes / mo$87.25$87.25$87.25
Insurance / mo$150.00$150.00$150.00
MI / mo$132.57$132.57$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,251.57$2,484.94$2,432.27
Cash to close$65,616$34,500$34,500