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$331,535$331,535$526,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$194,965$0
Funding fee$0$0$0
Note rate2.9%2.9%7.18%
Blended rate3.75%5.324%7.42%
1st payment$1,558.53$1,558.53$3,566.69
2nd payment$0.00$1,299.77$0.00
Taxes / mo$183.08$183.08$183.08
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$105.30
HOA / mo$112.00$112.00$112.00
Total monthly$2,285.51$3,585.27$4,133.74
Cash to close$253,465$58,500$58,500