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$100,287$100,287$288,000
Remaining term (yrs)18.118.130.0
Secondary amount$0$187,713$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.85%6.903%7.42%
1st payment$645.96$645.96$1,951.01
2nd payment$0.00$1,251.42$0.00
Taxes / mo$129.42$129.42$129.42
Insurance / mo$150.00$150.00$150.00
MI / mo$95.84$95.84$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,021.22$2,272.64$2,288.03
Cash to close$219,713$32,000$32,000