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$244,335$244,335$269,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$25,575$0
Funding fee$0$0$0
Note rate2.73%2.73%7.18%
Blended rate3.58%4.094%7.42%
1st payment$1,143.41$1,143.41$1,828.46
2nd payment$0.00$191.81$0.00
Taxes / mo$185.50$185.50$185.50
Insurance / mo$150.00$150.00$150.00
MI / mo$198.91$198.91$53.98
HOA / mo$72.00$72.00$72.00
Total monthly$1,749.81$1,941.62$2,289.95
Cash to close$55,565$29,990$29,990