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$185,105$185,105$326,610
Remaining term (yrs)22.622.630.0
Secondary amount$0$141,505$0
Funding fee$0$0$0
Note rate3.82%3.82%7.18%
Blended rate4.67%6.113%7.42%
1st payment$1,018.17$1,018.17$2,212.57
2nd payment$0.00$943.37$0.00
Taxes / mo$186.83$186.83$186.83
Insurance / mo$150.00$150.00$150.00
MI / mo$154.40$154.40$65.32
HOA / mo$102.00$102.00$102.00
Total monthly$1,611.41$2,554.77$2,716.73
Cash to close$177,795$36,290$36,290