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$179,154$179,154$558,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$378,846$0
Funding fee$0$0$0
Note rate3.97%3.97%7.18%
Blended rate4.82%6.809%7.42%
1st payment$1,049.10$1,049.10$3,780.09
2nd payment$0.00$2,446.72$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$166.67$166.67$166.67
MI / mo$156.22$156.22$111.60
HOA / mo$86.33$86.33$86.33
Total monthly$1,630.64$4,077.36$4,317.02
Cash to close$440,846$62,000$62,000