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$312,620$312,620$409,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$96,790$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%4.968%7.42%
1st payment$1,464.77$1,464.77$2,773.49
2nd payment$0.00$725.93$0.00
Taxes / mo$225.50$225.50$225.50
Insurance / mo$166.67$166.67$166.67
MI / mo$250.24$250.24$81.88
HOA / mo$119.00$119.00$119.00
Total monthly$2,226.18$2,952.10$3,366.53
Cash to close$142,280$45,490$45,490