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$132,885$132,885$356,400
Remaining term (yrs)24.624.630.0
Secondary amount$0$223,515$0
Funding fee$0$0$0
Note rate3.08%3.08%7.18%
Blended rate3.93%6.326%7.42%
1st payment$641.41$641.41$2,414.38
2nd payment$0.00$1,443.53$0.00
Taxes / mo$134.58$134.58$134.58
Insurance / mo$150.00$150.00$150.00
MI / mo$106.67$106.67$71.28
HOA / mo$53.00$53.00$53.00
Total monthly$1,085.66$2,529.19$2,823.24
Cash to close$263,115$39,600$39,600