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$141,741$141,741$278,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$136,359$0
Funding fee$0$0$0
Note rate2.6%2.6%7.18%
Blended rate3.45%5.681%7.42%
1st payment$657.18$657.18$1,883.95
2nd payment$0.00$909.06$0.00
Taxes / mo$70.17$70.17$70.17
Insurance / mo$150.00$150.00$150.00
MI / mo$116.28$116.28$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$993.62$1,902.68$2,159.73
Cash to close$167,259$30,900$30,900