Elevate48
Call Martin

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$77,938$77,938$292,500
Remaining term (yrs)16.116.130.0
Secondary amount$0$214,562$0
Funding fee$0$0$0
Note rate3.35%3.35%7.18%
Blended rate4.2%6.804%7.42%
1st payment$518.84$518.84$1,981.50
2nd payment$0.00$1,385.71$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.39$83.39$58.50
HOA / mo$70.00$70.00$70.00
Total monthly$967.15$2,352.86$2,404.91
Cash to close$247,062$32,500$32,500