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$84,757$84,757$222,300
Remaining term (yrs)21.321.330.0
Secondary amount$0$137,543$0
Funding fee$0$0$0
Note rate3.95%3.95%7.18%
Blended rate4.8%6.78%7.42%
1st payment$489.24$489.24$1,505.94
2nd payment$0.00$916.95$0.00
Taxes / mo$59.92$59.92$59.92
Insurance / mo$150.00$150.00$150.00
MI / mo$73.03$73.03$44.46
HOA / mo$0.00$0.00$0.00
Total monthly$772.18$1,689.14$1,760.31
Cash to close$162,243$24,700$24,700