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$168,595$168,595$345,600
Remaining term (yrs)23.523.530.0
Secondary amount$0$177,005$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%6.195%7.42%
1st payment$871.42$871.42$2,341.21
2nd payment$0.00$1,180.03$0.00
Taxes / mo$118.08$118.08$118.08
Insurance / mo$150.00$150.00$150.00
MI / mo$138.32$138.32$69.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,277.82$2,457.85$2,678.42
Cash to close$215,405$38,400$38,400