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$207,401$207,401$323,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$115,699$0
Funding fee$0$0$0
Note rate2.94%2.94%7.18%
Blended rate3.79%5.298%7.42%
1st payment$1,004.69$1,004.69$2,188.79
2nd payment$0.00$771.32$0.00
Taxes / mo$113.83$113.83$113.83
Insurance / mo$150.00$150.00$150.00
MI / mo$170.10$170.10$64.62
HOA / mo$78.00$78.00$78.00
Total monthly$1,516.62$2,287.95$2,595.25
Cash to close$151,599$35,900$35,900