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$107,530$107,530$283,500
Remaining term (yrs)17.417.430.0
Secondary amount$0$175,970$0
Funding fee$0$0$0
Note rate4.3%4.3%7.18%
Blended rate5.15%6.919%7.42%
1st payment$729.51$729.51$1,920.53
2nd payment$0.00$1,173.14$0.00
Taxes / mo$170.17$170.17$170.17
Insurance / mo$150.00$150.00$150.00
MI / mo$104.42$104.42$56.70
HOA / mo$137.00$137.00$137.00
Total monthly$1,291.10$2,464.24$2,434.39
Cash to close$207,470$31,500$31,500