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$285,213$285,213$346,410
Remaining term (yrs)24.224.230.0
Secondary amount$0$61,197$0
Funding fee$0$0$0
Note rate2.68%2.68%7.18%
Blended rate3.53%4.496%7.42%
1st payment$1,330.67$1,330.67$2,346.70
2nd payment$0.00$458.98$0.00
Taxes / mo$130.08$130.08$130.08
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$69.28
HOA / mo$65.00$65.00$65.00
Total monthly$1,908.75$2,367.72$2,761.07
Cash to close$99,687$38,490$38,490