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$145,096$145,096$305,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$160,903$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%6.042%7.42%
1st payment$699.01$699.01$2,072.94
2nd payment$0.00$1,072.69$0.00
Taxes / mo$67.83$67.83$67.83
Insurance / mo$150.00$150.00$150.00
MI / mo$117.14$117.14$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,033.98$2,106.67$2,351.98
Cash to close$194,903$34,000$34,000