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$247,620$247,620$391,320
Remaining term (yrs)23.723.730.0
Secondary amount$0$143,700$0
Funding fee$0$0$0
Note rate3.16%3.16%7.18%
Blended rate4.01%5.475%7.42%
1st payment$1,233.47$1,233.47$2,650.94
2nd payment$0.00$958.00$0.00
Taxes / mo$208.75$208.75$208.75
Insurance / mo$150.00$150.00$150.00
MI / mo$203.05$203.05$78.26
HOA / mo$98.00$98.00$98.00
Total monthly$1,893.27$2,851.27$3,185.95
Cash to close$187,180$43,480$43,480