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$220,662$220,662$368,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$148,337$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.53%7.42%
1st payment$1,075.49$1,075.49$2,499.73
2nd payment$0.00$988.91$0.00
Taxes / mo$174.92$174.92$174.92
Insurance / mo$150.00$150.00$150.00
MI / mo$180.23$180.23$73.80
HOA / mo$58.67$58.67$58.67
Total monthly$1,639.31$2,628.22$2,957.11
Cash to close$189,337$41,000$41,000