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$307,379$307,379$449,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$142,531$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.178%7.42%
1st payment$1,480.82$1,480.82$3,047.85
2nd payment$0.00$950.21$0.00
Taxes / mo$295.33$295.33$295.33
Insurance / mo$166.67$166.67$166.67
MI / mo$248.16$248.16$89.98
HOA / mo$126.00$126.00$126.00
Total monthly$2,316.97$3,267.18$3,725.83
Cash to close$192,521$49,990$49,990