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$288,743$288,743$318,600
Remaining term (yrs)25.225.230.0
Secondary amount$0$29,857$0
Funding fee$0$0$0
Note rate3.1%3.1%7.18%
Blended rate3.95%4.423%7.42%
1st payment$1,375.24$1,375.24$2,158.31
2nd payment$0.00$223.92$0.00
Taxes / mo$65.92$65.92$65.92
Insurance / mo$150.00$150.00$150.00
MI / mo$228.13$228.13$63.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,819.29$2,043.21$2,437.94
Cash to close$65,257$35,400$35,400