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$273,577$273,577$472,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$198,923$0
Funding fee$0$0$0
Note rate3.77%3.77%7.18%
Blended rate4.62%6.043%7.42%
1st payment$1,487.16$1,487.16$3,200.88
2nd payment$0.00$1,326.15$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$166.67$166.67$166.67
MI / mo$226.90$226.90$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,097.32$3,423.47$3,678.63
Cash to close$251,423$52,500$52,500