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$272,742$272,742$624,420
Remaining term (yrs)24.324.330.0
Secondary amount$0$351,678$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%5.933%7.42%
1st payment$1,277.73$1,277.73$4,230.04
2nd payment$0.00$2,271.25$0.00
Taxes / mo$311.17$311.17$311.17
Insurance / mo$166.67$166.67$166.67
MI / mo$221.98$221.98$124.88
HOA / mo$103.33$103.33$103.33
Total monthly$2,080.88$4,352.13$4,936.09
Cash to close$421,058$69,380$69,380