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$120,812$120,812$256,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$135,688$0
Funding fee$0$0$0
Note rate3.7%3.7%7.18%
Blended rate4.55%6.375%7.42%
1st payment$646.28$646.28$1,737.62
2nd payment$0.00$904.59$0.00
Taxes / mo$35.67$35.67$35.67
Insurance / mo$150.00$150.00$150.00
MI / mo$99.46$99.46$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$931.40$1,835.99$1,974.59
Cash to close$164,188$28,500$28,500