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$275,433$275,433$418,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$143,067$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%5.183%7.42%
1st payment$1,324.35$1,324.35$2,835.06
2nd payment$0.00$953.78$0.00
Taxes / mo$239.50$239.50$239.50
Insurance / mo$166.67$166.67$166.67
MI / mo$221.42$221.42$83.70
HOA / mo$160.00$160.00$160.00
Total monthly$2,111.94$3,065.72$3,484.93
Cash to close$189,567$46,500$46,500