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$69,356$69,356$287,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$218,554$0
Funding fee$0$0$0
Note rate3.77%3.77%7.18%
Blended rate4.62%6.996%7.42%
1st payment$433.05$433.05$1,950.40
2nd payment$0.00$1,411.49$0.00
Taxes / mo$40.83$40.83$40.83
Insurance / mo$150.00$150.00$150.00
MI / mo$66.07$66.07$57.58
HOA / mo$70.00$70.00$70.00
Total monthly$759.95$2,171.45$2,268.82
Cash to close$250,544$31,990$31,990