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$267,793$267,793$436,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$168,707$0
Funding fee$0$0$0
Note rate3.16%3.16%7.18%
Blended rate4.01%5.552%7.42%
1st payment$1,330.84$1,330.84$2,957.00
2nd payment$0.00$1,124.72$0.00
Taxes / mo$115.42$115.42$115.42
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$87.30
HOA / mo$53.33$53.33$53.33
Total monthly$1,885.33$3,010.05$3,379.72
Cash to close$217,207$48,500$48,500