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$74,588$74,588$268,200
Remaining term (yrs)15.915.930.0
Secondary amount$0$193,612$0
Funding fee$0$0$0
Note rate3.55%3.55%7.18%
Blended rate4.4%6.999%7.42%
1st payment$509.76$509.76$1,816.88
2nd payment$0.00$1,290.74$0.00
Taxes / mo$92.25$92.25$92.25
Insurance / mo$150.00$150.00$150.00
MI / mo$79.91$79.91$53.64
HOA / mo$250.00$250.00$250.00
Total monthly$1,081.92$2,372.66$2,362.77
Cash to close$223,412$29,800$29,800