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$162,497$162,497$323,991
Remaining term (yrs)22.022.030.0
Secondary amount$0$161,494$0
Funding fee$0$0$0
Note rate3.01%3.01%7.18%
Blended rate3.86%5.924%7.42%
1st payment$840.15$840.15$2,194.83
2nd payment$0.00$1,076.63$0.00
Taxes / mo$111.92$111.92$111.92
Insurance / mo$150.00$150.00$150.00
MI / mo$131.89$131.89$64.80
HOA / mo$75.00$75.00$75.00
Total monthly$1,308.95$2,385.58$2,596.54
Cash to close$197,493$35,999$35,999