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$184,177$184,177$539,100
Remaining term (yrs)18.718.730.0
Secondary amount$0$354,923$0
Funding fee$0$0$0
Note rate2.6%2.6%7.18%
Blended rate3.45%6.281%7.42%
1st payment$1,031.55$1,031.55$3,652.05
2nd payment$0.00$2,292.21$0.00
Taxes / mo$191.50$191.50$191.50
Insurance / mo$166.67$166.67$166.67
MI / mo$161.06$161.06$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,550.78$3,842.99$4,118.04
Cash to close$414,823$59,900$59,900