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$205,352$205,352$413,100
Remaining term (yrs)21.621.630.0
Secondary amount$0$207,748$0
Funding fee$0$0$0
Note rate4.47%4.47%7.18%
Blended rate5.32%6.542%7.42%
1st payment$1,234.44$1,234.44$2,798.48
2nd payment$0.00$1,341.71$0.00
Taxes / mo$257.00$257.00$257.00
Insurance / mo$166.67$166.67$166.67
MI / mo$173.18$173.18$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,831.28$3,172.99$3,304.77
Cash to close$253,648$45,900$45,900