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$307,354$307,354$387,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$79,646$0
Funding fee$0$0$0
Note rate3.56%3.56%7.18%
Blended rate4.41%5.355%7.42%
1st payment$1,532.86$1,532.86$2,621.67
2nd payment$0.00$597.35$0.00
Taxes / mo$128.08$128.08$128.08
Insurance / mo$150.00$150.00$150.00
MI / mo$240.00$240.00$77.40
HOA / mo$260.00$260.00$260.00
Total monthly$2,310.94$2,908.29$3,237.16
Cash to close$122,646$43,000$43,000