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$145,143$145,143$202,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$57,357$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.631%7.42%
1st payment$753.66$753.66$1,371.81
2nd payment$0.00$430.18$0.00
Taxes / mo$44.92$44.92$44.92
Insurance / mo$150.00$150.00$150.00
MI / mo$119.63$119.63$40.50
HOA / mo$419.00$419.00$419.00
Total monthly$1,487.20$1,917.38$2,026.22
Cash to close$79,857$22,500$22,500