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$352,506$352,506$405,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$52,494$0
Funding fee$0$0$0
Note rate3.05%3.05%7.18%
Blended rate3.9%4.561%7.42%
1st payment$1,666.06$1,666.06$2,743.61
2nd payment$0.00$393.71$0.00
Taxes / mo$126.49$126.49$126.49
Insurance / mo$150.00$150.00$150.00
MI / mo$278.13$278.13$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,220.68$2,614.38$3,101.10
Cash to close$97,494$45,000$45,000