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$152,473$152,473$338,400
Remaining term (yrs)21.121.130.0
Secondary amount$0$185,927$0
Funding fee$0$0$0
Note rate3.92%3.92%7.18%
Blended rate4.77%6.545%7.42%
1st payment$882.07$882.07$2,292.44
2nd payment$0.00$1,239.52$0.00
Taxes / mo$138.92$138.92$138.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$67.68
HOA / mo$66.00$66.00$66.00
Total monthly$1,369.14$2,608.65$2,715.04
Cash to close$223,527$37,600$37,600