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$250,218$250,218$562,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$312,282$0
Funding fee$0$0$0
Note rate2.99%2.99%7.18%
Blended rate3.84%6.011%7.42%
1st payment$1,190.62$1,190.62$3,810.57
2nd payment$0.00$2,016.82$0.00
Taxes / mo$211.00$211.00$211.00
Insurance / mo$166.67$166.67$166.67
MI / mo$200.29$200.29$112.50
HOA / mo$55.00$55.00$55.00
Total monthly$1,823.57$3,840.39$4,355.74
Cash to close$374,782$62,500$62,500