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$138,976$138,976$252,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$113,024$0
Funding fee$0$0$0
Note rate3.7%3.7%7.18%
Blended rate4.55%6.097%7.42%
1st payment$743.44$743.44$1,707.14
2nd payment$0.00$753.49$0.00
Taxes / mo$78.25$78.25$78.25
Insurance / mo$150.00$150.00$150.00
MI / mo$114.41$114.41$50.40
HOA / mo$422.00$422.00$422.00
Total monthly$1,508.10$2,261.60$2,407.79
Cash to close$141,024$28,000$28,000