Loan Comparison Calculator | 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	$118,942	$118,942	$224,910
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$105,968	$0
Funding fee	$0	$0	$0
Note rate	3.89%	3.89%	7.11%
Blended rate	4.74%	6.276%	7.35%
1st payment	$695.04	$695.04	$1,512.98
2nd payment	$0.00	$706.46	$0.00
Taxes / mo	$272.00	$272.00	$272.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$104.51	$104.51	$44.98
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,221.55	$1,928.00	$1,979.97
Cash to close	$130,958	$24,990	$24,990