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$206,068$206,068$256,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$50,432$0
Funding fee$0$0$0
Note rate4.72%4.72%7.18%
Blended rate5.57%6.244%7.42%
1st payment$1,157.32$1,157.32$1,737.62
2nd payment$0.00$378.24$0.00
Taxes / mo$48.17$48.17$48.17
Insurance / mo$150.00$150.00$150.00
MI / mo$157.70$157.70$51.30
HOA / mo$199.00$199.00$199.00
Total monthly$1,712.18$2,090.42$2,186.09
Cash to close$78,932$28,500$28,500