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$178,869$178,869$431,100
Remaining term (yrs)18.218.230.0
Secondary amount$0$252,231$0
Funding fee$0$0$0
Note rate3.86%3.86%7.18%
Blended rate4.71%6.489%7.42%
1st payment$1,135.63$1,135.63$2,920.42
2nd payment$0.00$1,628.99$0.00
Taxes / mo$197.67$197.67$197.67
Insurance / mo$166.67$166.67$166.67
MI / mo$171.38$171.38$86.22
HOA / mo$120.00$120.00$120.00
Total monthly$1,791.34$3,420.33$3,490.97
Cash to close$300,131$47,900$47,900