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$185,661$185,661$358,200
Remaining term (yrs)25.325.330.0
Secondary amount$0$172,539$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%6.082%7.42%
1st payment$914.95$914.95$2,426.57
2nd payment$0.00$1,150.26$0.00
Taxes / mo$266.83$266.83$266.83
Insurance / mo$150.00$150.00$150.00
MI / mo$145.23$145.23$71.64
HOA / mo$125.00$125.00$125.00
Total monthly$1,602.01$2,752.27$3,040.04
Cash to close$212,339$39,800$39,800