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$215,317$215,317$346,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$131,183$0
Funding fee$0$0$0
Note rate3.65%3.65%7.18%
Blended rate4.5%5.825%7.42%
1st payment$1,140.90$1,140.90$2,347.31
2nd payment$0.00$874.55$0.00
Taxes / mo$78.33$78.33$78.33
Insurance / mo$150.00$150.00$150.00
MI / mo$176.66$176.66$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,545.89$2,420.44$2,644.95
Cash to close$169,683$38,500$38,500