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$197,837$197,837$525,600
Remaining term (yrs)13.513.530.0
Secondary amount$0$327,763$0
Funding fee$0$0$0
Note rate2.01%2.01%7.18%
Blended rate2.86%5.909%7.42%
1st payment$1,387.95$1,387.95$3,560.60
2nd payment$0.00$2,116.81$0.00
Taxes / mo$216.75$216.75$216.75
Insurance / mo$166.67$166.67$166.67
MI / mo$265.63$265.63$105.12
HOA / mo$52.67$52.67$52.67
Total monthly$2,089.66$4,206.47$4,101.80
Cash to close$386,163$58,400$58,400