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$247,814$247,814$270,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$37,186$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%4.671%7.42%
1st payment$1,160.95$1,160.95$1,829.07
2nd payment$0.00$367.99$0.00
Taxes / mo$126.92$126.92$126.92
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$54.00
HOA / mo$65.00$65.00$65.00
Total monthly$1,704.56$2,072.54$2,224.99
Cash to close$52,186$15,000$30,000