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$170,673$170,673$449,100
Remaining term (yrs)20.020.030.0
Secondary amount$0$278,427$0
Funding fee$0$0$0
Note rate3.42%3.42%7.18%
Blended rate4.27%6.427%7.42%
1st payment$979.99$979.99$3,042.36
2nd payment$0.00$1,798.18$0.00
Taxes / mo$159.33$159.33$159.33
Insurance / mo$166.67$166.67$166.67
MI / mo$156.13$156.13$89.82
HOA / mo$40.67$40.67$40.67
Total monthly$1,502.79$3,300.97$3,498.85
Cash to close$328,327$49,900$49,900