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$250,271$250,271$323,078
Remaining term (yrs)23.423.430.0
Secondary amount$0$72,807$0
Funding fee$0$0$0
Note rate3.6%3.6%7.18%
Blended rate4.45%5.475%7.42%
1st payment$1,316.46$1,316.46$2,188.64
2nd payment$0.00$546.05$0.00
Taxes / mo$101.08$101.08$101.08
Insurance / mo$150.00$150.00$150.00
MI / mo$205.10$205.10$64.62
HOA / mo$94.00$94.00$94.00
Total monthly$1,866.64$2,412.69$2,598.34
Cash to close$108,704$35,898$35,898