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$252,378$252,378$321,300
Remaining term (yrs)24.624.630.0
Secondary amount$0$68,922$0
Funding fee$0$0$0
Note rate2.96%2.96%7.18%
Blended rate3.81%4.923%7.42%
1st payment$1,199.70$1,199.70$2,176.60
2nd payment$0.00$516.91$0.00
Taxes / mo$165.58$165.58$165.58
Insurance / mo$150.00$150.00$150.00
MI / mo$202.60$202.60$64.26
HOA / mo$162.00$162.00$162.00
Total monthly$1,879.88$2,396.79$2,718.44
Cash to close$104,622$35,700$35,700