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$259,731$259,731$625,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$365,769$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%6.077%7.42%
1st payment$1,214.18$1,214.18$4,237.35
2nd payment$0.00$2,362.26$0.00
Taxes / mo$177.08$177.08$177.08
Insurance / mo$166.67$166.67$166.67
MI / mo$207.43$207.43$125.10
HOA / mo$43.33$43.33$43.33
Total monthly$1,808.69$4,170.95$4,749.53
Cash to close$435,269$69,500$69,500