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$204,780$204,780$341,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$137,130$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%5.359%7.42%
1st payment$957.05$957.05$2,316.22
2nd payment$0.00$914.20$0.00
Taxes / mo$115.83$115.83$115.83
Insurance / mo$150.00$150.00$150.00
MI / mo$166.27$166.27$68.38
HOA / mo$86.33$86.33$86.33
Total monthly$1,475.49$2,389.68$2,736.76
Cash to close$175,120$37,990$37,990