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$262,368$262,368$405,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$142,632$0
Funding fee$0$0$0
Note rate2.89%2.89%7.18%
Blended rate3.74%5.24%7.42%
1st payment$1,261.19$1,261.19$2,743.61
2nd payment$0.00$950.88$0.00
Taxes / mo$226.42$226.42$226.42
Insurance / mo$150.00$150.00$150.00
MI / mo$214.90$214.90$81.00
HOA / mo$138.00$138.00$138.00
Total monthly$1,990.51$2,941.39$3,339.03
Cash to close$187,632$45,000$45,000