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$215,484$215,484$279,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$63,516$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%4.922%7.42%
1st payment$1,009.65$1,009.65$1,890.04
2nd payment$0.00$476.37$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.48$172.48$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,471.96$1,948.33$2,235.68
Cash to close$94,516$31,000$31,000