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$56,107$56,107$180,000
Remaining term (yrs)9.49.430.0
Secondary amount$0$123,893$0
Funding fee$0$0$0
Note rate2.24%2.24%7.18%
Blended rate3.09%6.47%7.42%
1st payment$546.84$546.84$1,219.38
2nd payment$0.00$825.96$0.00
Taxes / mo$56.33$56.33$56.33
Insurance / mo$150.00$150.00$150.00
MI / mo$59.17$59.17$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$812.35$1,638.30$1,461.72
Cash to close$143,893$20,000$20,000