Patrick Celaya | UMe IDX

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	$163,477	$163,477	$337,500
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$174,023	$0
Funding fee	$0	$0	$0
Note rate	4.050%	4.050%	7.400%
Blended rate	4.900%	6.498%	7.640%
1st payment	$969.15	$969.15	$2,336.78
2nd payment	$0.00	$1,160.16	$0.00
Taxes / mo	$417.17	$417.17	$417.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$142.93	$142.93	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,679.25	$2,839.40	$2,971.45
Cash to close	$211,523	$37,500	$37,500