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$266,848$266,848$476,999
Remaining term (yrs)23.223.230.0
Secondary amount$0$210,151$0
Funding fee$0$0$0
Note rate3.72%3.72%7.18%
Blended rate4.57%5.971%7.42%
1st payment$1,427.13$1,427.13$3,231.36
2nd payment$0.00$1,357.23$0.00
Taxes / mo$233.75$233.75$233.75
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$95.40
HOA / mo$80.00$80.00$80.00
Total monthly$2,126.63$3,483.85$3,807.17
Cash to close$263,151$53,000$53,000