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$222,056$222,056$333,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$110,944$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.533%7.42%
1st payment$1,094.30$1,094.30$2,255.86
2nd payment$0.00$739.63$0.00
Taxes / mo$100.00$100.00$100.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.70$173.70$66.60
HOA / mo$82.00$82.00$82.00
Total monthly$1,600.00$2,339.63$2,654.46
Cash to close$147,944$37,000$37,000