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$216,273$216,273$269,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$53,637$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%5.25%7.42%
1st payment$1,120.13$1,120.13$1,828.46
2nd payment$0.00$402.28$0.00
Taxes / mo$131.92$131.92$131.92
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,579.40$1,981.68$2,164.36
Cash to close$83,627$29,990$29,990