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$86,761$86,761$268,200
Remaining term (yrs)22.722.730.0
Secondary amount$0$181,439$0
Funding fee$0$0$0
Note rate3.8%3.8%7.18%
Blended rate4.65%6.916%7.42%
1st payment$474.11$474.11$1,816.88
2nd payment$0.00$1,209.59$0.00
Taxes / mo$43.42$43.42$43.42
Insurance / mo$150.00$150.00$150.00
MI / mo$72.07$72.07$53.64
HOA / mo$0.00$0.00$0.00
Total monthly$739.60$1,949.19$2,063.94
Cash to close$211,239$29,800$29,800