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$317,021$317,021$427,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$110,389$0
Funding fee$0$0$0
Note rate2.84%2.84%7.18%
Blended rate3.69%4.803%7.42%
1st payment$1,477.10$1,477.10$2,895.42
2nd payment$0.00$735.92$0.00
Taxes / mo$251.83$251.83$251.83
Insurance / mo$166.67$166.67$166.67
MI / mo$253.32$253.32$85.48
HOA / mo$94.00$94.00$94.00
Total monthly$2,242.92$2,978.85$3,493.41
Cash to close$157,879$47,490$47,490