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$237,463$237,463$279,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$41,537$0
Funding fee$0$0$0
Note rate4.98%4.98%7.18%
Blended rate5.83%6.302%7.42%
1st payment$1,367.33$1,367.33$1,890.04
2nd payment$0.00$311.53$0.00
Taxes / mo$52.08$52.08$52.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,750.25$2,061.78$2,147.93
Cash to close$72,537$31,000$31,000