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$213,497$213,497$359,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$145,603$0
Funding fee$0$0$0
Note rate3.8%3.8%7.18%
Blended rate4.65%6.008%7.42%
1st payment$1,166.66$1,166.66$2,432.67
2nd payment$0.00$970.69$0.00
Taxes / mo$103.75$103.75$103.75
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$71.82
HOA / mo$198.00$198.00$198.00
Total monthly$1,795.77$2,766.45$2,956.24
Cash to close$185,503$39,900$39,900