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$176,404$176,404$305,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$129,506$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%5.595%7.42%
1st payment$860.22$860.22$2,072.34
2nd payment$0.00$863.37$0.00
Taxes / mo$75.50$75.50$75.50
Insurance / mo$150.00$150.00$150.00
MI / mo$144.89$144.89$61.18
HOA / mo$149.00$149.00$149.00
Total monthly$1,379.61$2,242.98$2,508.02
Cash to close$163,496$33,990$33,990