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$214,257$214,257$296,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$82,653$0
Funding fee$0$0$0
Note rate3.05%3.05%7.18%
Blended rate3.9%5.32%7.42%
1st payment$1,033.17$1,033.17$2,011.37
2nd payment$0.00$619.90$0.00
Taxes / mo$155.83$155.83$155.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.48$172.48$59.38
HOA / mo$142.00$142.00$142.00
Total monthly$1,653.48$2,273.38$2,518.59
Cash to close$115,643$32,990$32,990