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$83,027$83,027$319,500
Remaining term (yrs)17.617.630.0
Secondary amount$0$236,473$0
Funding fee$0$0$0
Note rate4.34%4.34%7.18%
Blended rate5.19%7.085%7.42%
1st payment$561.45$561.45$2,164.40
2nd payment$0.00$1,527.22$0.00
Taxes / mo$70.92$70.92$70.92
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$63.90
HOA / mo$33.33$33.33$33.33
Total monthly$895.68$2,422.90$2,482.55
Cash to close$271,973$35,500$35,500