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$204,291$204,291$364,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$160,209$0
Funding fee$0$0$0
Note rate2.62%2.62%7.18%
Blended rate3.47%5.461%7.42%
1st payment$935.53$935.53$2,469.25
2nd payment$0.00$1,068.06$0.00
Taxes / mo$143.00$143.00$143.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.09$165.09$72.90
HOA / mo$106.00$106.00$106.00
Total monthly$1,499.62$2,567.68$2,941.15
Cash to close$200,709$40,500$40,500