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$150,772$150,772$247,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$96,728$0
Funding fee$0$0$0
Note rate3.31%3.31%7.18%
Blended rate4.16%6.052%7.42%
1st payment$766.40$766.40$1,676.65
2nd payment$0.00$725.46$0.00
Taxes / mo$136.42$136.42$136.42
Insurance / mo$150.00$150.00$150.00
MI / mo$123.80$123.80$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,176.61$1,902.07$2,012.57
Cash to close$124,228$27,500$27,500