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$185,154$185,154$295,110
Remaining term (yrs)23.523.530.0
Secondary amount$0$109,956$0
Funding fee$0$0$0
Note rate3.33%3.33%7.18%
Blended rate4.18%5.603%7.42%
1st payment$945.30$945.30$1,999.18
2nd payment$0.00$733.04$0.00
Taxes / mo$62.83$62.83$62.83
Insurance / mo$150.00$150.00$150.00
MI / mo$152.32$152.32$59.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,310.45$2,043.49$2,271.03
Cash to close$142,746$32,790$32,790