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$176,879$176,879$220,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$43,621$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%4.66%7.42%
1st payment$828.63$828.63$1,493.74
2nd payment$0.00$327.16$0.00
Taxes / mo$110.17$110.17$110.17
Insurance / mo$150.00$150.00$150.00
MI / mo$143.96$143.96$44.10
HOA / mo$58.00$58.00$58.00
Total monthly$1,290.76$1,617.92$1,856.01
Cash to close$68,121$24,500$24,500