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$215,778$215,778$359,460
Remaining term (yrs)23.423.430.0
Secondary amount$0$143,682$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%5.791%7.42%
1st payment$1,120.13$1,120.13$2,435.11
2nd payment$0.00$957.88$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$71.89
HOA / mo$66.00$66.00$66.00
Total monthly$1,624.82$2,582.70$2,834.33
Cash to close$183,622$39,940$39,940