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$265,896$265,896$359,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$93,204$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.201%7.42%
1st payment$1,275.13$1,275.13$2,432.67
2nd payment$0.00$699.03$0.00
Taxes / mo$168.50$168.50$168.50
Insurance / mo$150.00$150.00$150.00
MI / mo$213.69$213.69$71.82
HOA / mo$123.00$123.00$123.00
Total monthly$1,930.31$2,629.34$2,945.99
Cash to close$133,104$39,900$39,900