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$184,431$184,431$247,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$63,069$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%5.021%7.42%
1st payment$868.54$868.54$1,676.65
2nd payment$0.00$473.02$0.00
Taxes / mo$36.00$36.00$36.00
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,204.07$1,677.10$1,912.15
Cash to close$90,569$27,500$27,500