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$206,203$206,203$404,910
Remaining term (yrs)20.520.530.0
Secondary amount$0$198,707$0
Funding fee$0$0$0
Note rate4.2%4.2%7.18%
Blended rate5.05%6.498%7.42%
1st payment$1,248.41$1,248.41$2,743.00
2nd payment$0.00$1,324.72$0.00
Taxes / mo$222.00$222.00$222.00
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$80.98
HOA / mo$99.00$99.00$99.00
Total monthly$1,900.24$3,224.96$3,294.98
Cash to close$243,697$44,990$44,990