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$295,422$295,422$323,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$27,678$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%4.172%7.42%
1st payment$1,384.19$1,384.19$2,188.79
2nd payment$0.00$207.59$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,881.99$2,089.58$2,514.75
Cash to close$63,578$35,900$35,900