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$165,480$165,480$292,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$127,020$0
Funding fee$0$0$0
Note rate4.72%4.72%7.18%
Blended rate5.57%6.625%7.42%
1st payment$930.93$930.93$1,981.50
2nd payment$0.00$846.80$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$58.50
HOA / mo$67.00$67.00$67.00
Total monthly$1,402.36$2,249.16$2,384.58
Cash to close$159,520$32,500$32,500