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$191,840$191,840$342,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$150,160$0
Funding fee$0$0$0
Note rate2.68%2.68%7.18%
Blended rate3.53%5.493%7.42%
1st payment$895.04$895.04$2,316.83
2nd payment$0.00$1,001.07$0.00
Taxes / mo$141.92$141.92$141.92
Insurance / mo$150.00$150.00$150.00
MI / mo$156.72$156.72$68.40
HOA / mo$119.00$119.00$119.00
Total monthly$1,462.67$2,463.74$2,796.14
Cash to close$188,160$38,000$38,000