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$202,182$202,182$400,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$198,318$0
Funding fee$0$0$0
Note rate3.49%3.49%7.18%
Blended rate4.34%6.152%7.42%
1st payment$1,056.54$1,056.54$2,713.13
2nd payment$0.00$1,322.12$0.00
Taxes / mo$70.08$70.08$70.08
Insurance / mo$150.00$150.00$150.00
MI / mo$166.87$166.87$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,443.50$2,765.62$3,013.31
Cash to close$242,818$44,500$44,500