UMe Test
Call MIke

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$212,268$212,268$338,400
Remaining term (yrs)23.323.330.0
Secondary amount$0$126,132$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%5.861%7.640%
1st payment$1,134.97$1,134.97$2,343.01
2nd payment$0.00$840.88$0.00
Taxes / mo$85.92$85.92$85.92
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$67.68
HOA / mo$115.00$115.00$115.00
Total monthly$1,659.69$2,500.57$2,761.61
Cash to close$163,732$37,600$37,600