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$200,389$200,389$310,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$110,111$0
Funding fee$0$0$0
Note rate2.84%2.84%7.18%
Blended rate3.69%5.218%7.42%
1st payment$931.55$931.55$2,103.44
2nd payment$0.00$734.07$0.00
Taxes / mo$165.92$165.92$165.92
Insurance / mo$150.00$150.00$150.00
MI / mo$159.76$159.76$62.10
HOA / mo$75.00$75.00$75.00
Total monthly$1,482.22$2,216.29$2,556.45
Cash to close$144,611$34,500$34,500