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$225,101$225,101$323,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$98,809$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%5.331%7.42%
1st payment$1,054.70$1,054.70$2,194.28
2nd payment$0.00$741.07$0.00
Taxes / mo$123.50$123.50$123.50
Insurance / mo$150.00$150.00$150.00
MI / mo$180.18$180.18$64.78
HOA / mo$86.67$86.67$86.67
Total monthly$1,595.06$2,336.13$2,619.23
Cash to close$134,799$35,990$35,990