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$230,411$230,411$303,075
Remaining term (yrs)24.224.230.0
Secondary amount$0$72,664$0
Funding fee$0$0$0
Note rate2.68%2.68%7.18%
Blended rate3.53%4.841%7.42%
1st payment$1,074.99$1,074.99$2,053.14
2nd payment$0.00$544.98$0.00
Taxes / mo$77.33$77.33$77.33
Insurance / mo$150.00$150.00$150.00
MI / mo$188.22$188.22$60.62
HOA / mo$100.00$100.00$100.00
Total monthly$1,590.55$2,135.53$2,441.08
Cash to close$106,339$33,675$33,675