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$141,536$141,536$306,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$164,464$0
Funding fee$0$0$0
Note rate3.17%3.17%7.18%
Blended rate4.02%6.159%7.42%
1st payment$780.89$780.89$2,072.95
2nd payment$0.00$1,096.42$0.00
Taxes / mo$146.08$146.08$146.08
Insurance / mo$150.00$150.00$150.00
MI / mo$117.45$117.45$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,194.42$2,290.85$2,430.23
Cash to close$198,464$34,000$34,000