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$161,091$161,091$306,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$144,909$0
Funding fee$0$0$0
Note rate4.56%4.56%7.18%
Blended rate5.41%6.637%7.42%
1st payment$971.97$971.97$2,072.95
2nd payment$0.00$966.06$0.00
Taxes / mo$110.00$110.00$110.00
Insurance / mo$150.00$150.00$150.00
MI / mo$134.93$134.93$61.20
HOA / mo$51.67$51.67$51.67
Total monthly$1,418.56$2,384.63$2,445.82
Cash to close$178,909$34,000$34,000