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$208,282$208,282$341,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$133,628$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%5.929%7.42%
1st payment$1,129.99$1,129.99$2,316.22
2nd payment$0.00$890.85$0.00
Taxes / mo$170.08$170.08$170.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.83$172.83$68.38
HOA / mo$52.33$52.33$52.33
Total monthly$1,675.24$2,566.09$2,757.01
Cash to close$171,618$37,990$37,990