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$332,802$332,802$517,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$184,698$0
Funding fee$0$0$0
Note rate2.86%2.86%7.18%
Blended rate3.71%5.241%7.42%
1st payment$1,550.52$1,550.52$3,505.73
2nd payment$0.00$1,231.32$0.00
Taxes / mo$197.83$197.83$197.83
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$103.50
HOA / mo$125.00$125.00$125.00
Total monthly$2,305.25$3,536.57$4,098.73
Cash to close$242,198$57,500$57,500