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$200,825$200,825$267,300
Remaining term (yrs)24.624.630.0
Secondary amount$0$66,475$0
Funding fee$0$0$0
Note rate3.06%3.06%7.18%
Blended rate3.91%5.176%7.42%
1st payment$965.07$965.07$1,810.78
2nd payment$0.00$498.57$0.00
Taxes / mo$75.42$75.42$75.42
Insurance / mo$150.00$150.00$150.00
MI / mo$160.90$160.90$53.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,351.38$1,849.95$2,089.66
Cash to close$96,175$29,700$29,700