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$231,740$231,740$247,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$29,510$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%4.774%7.42%
1st payment$1,116.42$1,116.42$1,676.65
2nd payment$0.00$292.03$0.00
Taxes / mo$100.17$100.17$100.17
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$49.50
HOA / mo$55.00$55.00$55.00
Total monthly$1,608.68$1,900.70$2,031.32
Cash to close$43,260$13,750$27,500