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$118,418$118,418$283,500
Remaining term (yrs)8.98.930.0
Secondary amount$0$165,082$0
Funding fee$0$0$0
Note rate2.46%2.46%7.18%
Blended rate3.31%6.041%7.42%
1st payment$1,223.43$1,223.43$1,920.53
2nd payment$0.00$1,100.55$0.00
Taxes / mo$116.50$116.50$116.50
Insurance / mo$150.00$150.00$150.00
MI / mo$130.33$130.33$56.70
HOA / mo$385.00$385.00$385.00
Total monthly$2,005.26$3,105.81$2,628.73
Cash to close$196,582$31,500$31,500