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$212,193$212,193$323,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$111,806$0
Funding fee$0$0$0
Note rate2.89%2.89%7.18%
Blended rate3.74%5.21%7.42%
1st payment$1,020.00$1,020.00$2,194.88
2nd payment$0.00$745.37$0.00
Taxes / mo$89.17$89.17$89.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$64.80
HOA / mo$45.67$45.67$45.67
Total monthly$1,478.65$2,224.02$2,544.52
Cash to close$147,806$36,000$36,000