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$228,036$228,036$252,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$37,964$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%4.978%7.42%
1st payment$1,083.88$1,083.88$1,707.14
2nd payment$0.00$375.69$0.00
Taxes / mo$83.08$83.08$83.08
Insurance / mo$150.00$150.00$150.00
MI / mo$182.57$182.57$50.40
HOA / mo$168.00$168.00$168.00
Total monthly$1,667.53$2,043.22$2,158.62
Cash to close$51,964$14,000$28,000