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$199,274$199,274$265,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$66,226$0
Funding fee$0$0$0
Note rate2.96%2.96%7.18%
Blended rate3.81%5.105%7.42%
1st payment$947.26$947.26$1,798.59
2nd payment$0.00$496.70$0.00
Taxes / mo$89.83$89.83$89.83
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$53.10
HOA / mo$57.00$57.00$57.00
Total monthly$1,404.06$1,900.76$2,148.52
Cash to close$95,726$29,500$29,500