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$294,381$294,381$341,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$47,618$0
Funding fee$0$0$0
Note rate2.96%2.96%7.18%
Blended rate3.81%4.533%7.42%
1st payment$1,396.18$1,396.18$2,316.82
2nd payment$0.00$357.13$0.00
Taxes / mo$184.67$184.67$184.67
Insurance / mo$150.00$150.00$150.00
MI / mo$235.78$235.78$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,966.62$2,323.75$2,719.89
Cash to close$85,618$38,000$38,000