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$213,868$213,868$337,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$123,632$0
Funding fee$0$0$0
Note rate2.93%2.93%7.18%
Blended rate3.78%5.326%7.42%
1st payment$1,011.00$1,011.00$2,286.34
2nd payment$0.00$824.21$0.00
Taxes / mo$149.92$149.92$149.92
Insurance / mo$150.00$150.00$150.00
MI / mo$171.39$171.39$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,482.31$2,306.52$2,653.76
Cash to close$161,132$37,500$37,500