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$276,574$276,574$432,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$155,426$0
Funding fee$0$0$0
Note rate2.68%2.68%7.18%
Blended rate3.53%5.138%7.42%
1st payment$1,271.95$1,271.95$2,926.52
2nd payment$0.00$1,036.17$0.00
Taxes / mo$216.08$216.08$216.08
Insurance / mo$166.67$166.67$166.67
MI / mo$222.71$222.71$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,877.41$2,913.58$3,395.67
Cash to close$203,426$48,000$48,000