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$177,186$177,186$288,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$110,814$0
Funding fee$0$0$0
Note rate3.55%3.55%7.18%
Blended rate4.4%5.785%7.42%
1st payment$882.72$882.72$1,951.01
2nd payment$0.00$738.76$0.00
Taxes / mo$62.50$62.50$62.50
Insurance / mo$150.00$150.00$150.00
MI / mo$138.38$138.38$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,233.60$1,972.36$2,221.11
Cash to close$142,814$32,000$32,000