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$255,810$255,810$377,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$121,290$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.198%7.42%
1st payment$1,252.71$1,252.71$2,554.61
2nd payment$0.00$808.60$0.00
Taxes / mo$143.42$143.42$143.42
Insurance / mo$150.00$150.00$150.00
MI / mo$209.93$209.93$75.42
HOA / mo$56.67$56.67$56.67
Total monthly$1,812.72$2,621.33$2,980.11
Cash to close$163,190$41,900$41,900