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$197,544$197,544$297,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$99,456$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%5.887%7.42%
1st payment$1,027.84$1,027.84$2,011.98
2nd payment$0.00$745.92$0.00
Taxes / mo$136.00$136.00$136.00
Insurance / mo$150.00$150.00$150.00
MI / mo$162.74$162.74$59.40
HOA / mo$92.00$92.00$92.00
Total monthly$1,568.58$2,314.50$2,449.38
Cash to close$132,456$33,000$33,000