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$166,054$166,054$361,800
Remaining term (yrs)24.524.530.0
Secondary amount$0$195,746$0
Funding fee$0$0$0
Note rate3.18%3.18%7.18%
Blended rate4.03%6.178%7.42%
1st payment$812.00$812.00$2,450.96
2nd payment$0.00$1,304.97$0.00
Taxes / mo$178.42$178.42$178.42
Insurance / mo$150.00$150.00$150.00
MI / mo$133.33$133.33$72.36
HOA / mo$90.00$90.00$90.00
Total monthly$1,363.76$2,668.73$2,941.74
Cash to close$235,946$40,200$40,200