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$146,429$146,429$382,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$236,071$0
Funding fee$0$0$0
Note rate3.94%3.94%7.18%
Blended rate4.79%6.617%7.42%
1st payment$852.96$852.96$2,591.19
2nd payment$0.00$1,524.63$0.00
Taxes / mo$186.25$186.25$186.25
Insurance / mo$150.00$150.00$150.00
MI / mo$127.47$127.47$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,316.68$2,841.31$3,003.94
Cash to close$278,571$42,500$42,500