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$236,165$236,165$249,750
Remaining term (yrs)25.125.130.0
Secondary amount$0$27,460$0
Funding fee$0$0$0
Note rate3.07%3.07%7.18%
Blended rate3.92%4.749%7.42%
1st payment$1,123.57$1,123.57$1,691.89
2nd payment$0.00$271.74$0.00
Taxes / mo$84.17$84.17$84.17
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$49.95
HOA / mo$25.00$25.00$25.00
Total monthly$1,569.82$1,841.57$2,001.01
Cash to close$41,335$13,875$27,750