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$61,644$61,644$225,000
Remaining term (yrs)16.816.830.0
Secondary amount$0$163,356$0
Funding fee$0$0$0
Note rate4.37%4.37%7.18%
Blended rate5.22%7.238%7.42%
1st payment$430.14$430.14$1,524.23
2nd payment$0.00$1,089.04$0.00
Taxes / mo$108.75$108.75$108.75
Insurance / mo$150.00$150.00$150.00
MI / mo$61.06$61.06$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$749.95$1,838.99$1,827.98
Cash to close$188,356$25,000$25,000