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$287,953$287,953$373,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$85,547$0
Funding fee$0$0$0
Note rate3.85%3.85%7.18%
Blended rate4.7%5.685%7.42%
1st payment$1,478.74$1,478.74$2,530.22
2nd payment$0.00$641.60$0.00
Taxes / mo$186.75$186.75$186.75
Insurance / mo$150.00$150.00$150.00
MI / mo$223.43$223.43$74.70
HOA / mo$56.00$56.00$56.00
Total monthly$2,094.91$2,736.51$2,997.67
Cash to close$127,047$41,500$41,500