CR

Cody Ramirez

(602) 539-2857
UMe Realty Group
Call Cody

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$196,358$196,358$243,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$46,642$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.861%7.640%
1st payment$1,334.61$1,334.61$1,682.48
2nd payment$0.00$349.82$0.00
Taxes / mo$113.75$113.75$113.75
Insurance / mo$150.00$150.00$150.00
MI / mo$91.57$91.57$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,689.94$2,039.75$1,994.83
Cash to close$73,642$27,000$27,000