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$219,451$219,451$292,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$73,049$0
Funding fee$0$0$0
Note rate3.11%3.11%7.18%
Blended rate3.96%5.219%7.42%
1st payment$1,044.10$1,044.10$1,981.50
2nd payment$0.00$547.86$0.00
Taxes / mo$41.75$41.75$41.75
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,408.83$1,956.69$2,231.75
Cash to close$105,549$32,500$32,500