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$206,734$206,734$256,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$49,766$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%4.696%7.42%
1st payment$973.57$973.57$1,737.62
2nd payment$0.00$373.25$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$150.00$150.00$150.00
MI / mo$167.62$167.62$51.30
HOA / mo$105.00$105.00$105.00
Total monthly$1,484.27$1,857.52$2,132.00
Cash to close$78,266$28,500$28,500