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$179,423$179,423$261,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$81,577$0
Funding fee$0$0$0
Note rate2.97%2.97%7.18%
Blended rate3.82%5.439%7.42%
1st payment$857.75$857.75$1,768.10
2nd payment$0.00$611.83$0.00
Taxes / mo$37.17$37.17$37.17
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,189.58$1,801.41$2,007.47
Cash to close$110,577$29,000$29,000