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$100,068$100,068$311,850
Remaining term (yrs)16.316.330.0
Secondary amount$0$211,782$0
Funding fee$0$0$0
Note rate3.32%3.32%7.18%
Blended rate4.17%6.601%7.42%
1st payment$659.59$659.59$2,112.58
2nd payment$0.00$1,367.76$0.00
Taxes / mo$210.67$210.67$210.67
Insurance / mo$150.00$150.00$150.00
MI / mo$106.41$106.41$62.37
HOA / mo$91.00$91.00$91.00
Total monthly$1,217.67$2,585.42$2,626.62
Cash to close$246,432$34,650$34,650