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$353,644$353,644$373,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$40,606$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.358%7.42%
1st payment$1,798.63$1,798.63$2,530.22
2nd payment$0.00$401.83$0.00
Taxes / mo$116.17$116.17$116.17
Insurance / mo$150.00$150.00$150.00
MI / mo$274.76$274.76$74.70
HOA / mo$50.00$50.00$50.00
Total monthly$2,389.56$2,791.39$2,921.09
Cash to close$61,356$20,750$41,500