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$142,975$142,975$378,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$235,025$0
Funding fee$0$0$0
Note rate3.64%3.64%7.18%
Blended rate4.49%6.517%7.42%
1st payment$851.68$851.68$2,560.70
2nd payment$0.00$1,517.87$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$132.04$132.04$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,245.05$2,762.92$2,897.64
Cash to close$277,025$42,000$42,000