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$401,496$401,496$472,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$71,004$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.343%7.640%
1st payment$2,595.02$2,595.02$3,271.49
2nd payment$0.00$532.53$0.00
Taxes / mo$121.75$121.75$121.75
Insurance / mo$166.67$166.67$166.67
MI / mo$188.17$188.17$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,071.62$3,604.14$3,654.41
Cash to close$123,504$52,500$52,500