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$329,185$329,185$373,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$44,315$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.281%7.640%
1st payment$2,106.25$2,106.25$2,586.04
2nd payment$0.00$332.36$0.00
Taxes / mo$127.83$127.83$127.83
Insurance / mo$150.00$150.00$150.00
MI / mo$152.73$152.73$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,536.81$2,869.17$2,938.57
Cash to close$85,815$41,500$41,500