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$225,597$225,597$265,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$39,813$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%4.461%7.42%
1st payment$1,062.41$1,062.41$1,797.98
2nd payment$0.00$298.59$0.00
Taxes / mo$170.42$170.42$170.42
Insurance / mo$150.00$150.00$150.00
MI / mo$182.91$182.91$53.08
HOA / mo$86.00$86.00$86.00
Total monthly$1,651.74$1,950.33$2,257.48
Cash to close$69,303$29,490$29,490