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$147,598$147,598$193,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$45,812$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.413%7.42%
1st payment$727.37$727.37$1,310.23
2nd payment$0.00$343.59$0.00
Taxes / mo$23.00$23.00$23.00
Insurance / mo$150.00$150.00$150.00
MI / mo$115.45$115.45$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,015.82$1,359.41$1,521.91
Cash to close$67,302$21,490$21,490