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$83,492$83,492$243,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$159,508$0
Funding fee$0$0$0
Note rate4.43%4.43%7.18%
Blended rate5.28%7.065%7.42%
1st payment$502.38$502.38$1,646.17
2nd payment$0.00$1,063.39$0.00
Taxes / mo$34.83$34.83$34.83
Insurance / mo$150.00$150.00$150.00
MI / mo$70.81$70.81$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$758.02$1,821.41$1,879.60
Cash to close$186,508$27,000$27,000