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$238,193$238,193$323,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$85,717$0
Funding fee$0$0$0
Note rate3.06%3.06%7.18%
Blended rate3.91%5.257%7.42%
1st payment$1,147.23$1,147.23$2,194.28
2nd payment$0.00$642.88$0.00
Taxes / mo$173.83$173.83$173.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.27$191.27$64.78
HOA / mo$41.67$41.67$41.67
Total monthly$1,704.00$2,346.88$2,624.56
Cash to close$121,707$35,990$35,990