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$201,066$201,066$391,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$190,434$0
Funding fee$0$0$0
Note rate4.12%4.12%7.18%
Blended rate4.97%6.444%7.42%
1st payment$1,143.62$1,143.62$2,652.16
2nd payment$0.00$1,269.56$0.00
Taxes / mo$127.08$127.08$127.08
Insurance / mo$150.00$150.00$150.00
MI / mo$167.24$167.24$78.30
HOA / mo$85.00$85.00$85.00
Total monthly$1,672.95$2,942.51$3,092.54
Cash to close$233,934$43,500$43,500