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$214,166$214,166$292,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$78,334$0
Funding fee$0$0$0
Note rate2.71%2.71%7.18%
Blended rate3.56%5.017%7.42%
1st payment$1,004.90$1,004.90$1,981.50
2nd payment$0.00$587.50$0.00
Taxes / mo$62.75$62.75$62.75
Insurance / mo$150.00$150.00$150.00
MI / mo$175.27$175.27$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.91$1,980.42$2,252.75
Cash to close$110,834$32,500$32,500