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$165,973$165,973$394,200
Remaining term (yrs)22.822.830.0
Secondary amount$0$228,227$0
Funding fee$0$0$0
Note rate2.9%2.9%7.18%
Blended rate3.75%6.066%7.42%
1st payment$826.84$826.84$2,670.45
2nd payment$0.00$1,473.96$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$150.00$150.00$150.00
MI / mo$134.65$134.65$78.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,221.91$2,695.88$3,009.70
Cash to close$272,027$43,800$43,800