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$130,748$130,748$297,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$166,252$0
Funding fee$0$0$0
Note rate3.96%3.96%7.18%
Blended rate4.81%6.596%7.42%
1st payment$805.14$805.14$2,011.98
2nd payment$0.00$1,108.35$0.00
Taxes / mo$106.17$106.17$106.17
Insurance / mo$150.00$150.00$150.00
MI / mo$120.04$120.04$59.40
HOA / mo$123.00$123.00$123.00
Total monthly$1,304.35$2,412.69$2,450.55
Cash to close$199,252$33,000$33,000