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$93,447$93,447$314,100
Remaining term (yrs)18.918.930.0
Secondary amount$0$220,653$0
Funding fee$0$0$0
Note rate3.91%3.91%7.18%
Blended rate4.76%6.86%7.42%
1st payment$581.41$581.41$2,127.82
2nd payment$0.00$1,425.05$0.00
Taxes / mo$103.08$103.08$103.08
Insurance / mo$150.00$150.00$150.00
MI / mo$87.21$87.21$62.82
HOA / mo$103.00$103.00$103.00
Total monthly$1,024.70$2,449.75$2,546.73
Cash to close$255,553$34,900$34,900