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$211,795$211,795$338,400
Remaining term (yrs)23.223.230.0
Secondary amount$0$126,605$0
Funding fee$0$0$0
Note rate3.74%3.74%7.18%
Blended rate4.59%5.866%7.42%
1st payment$1,134.97$1,134.97$2,292.44
2nd payment$0.00$844.03$0.00
Taxes / mo$85.92$85.92$85.92
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$67.68
HOA / mo$115.00$115.00$115.00
Total monthly$1,659.69$2,503.73$2,711.04
Cash to close$164,205$37,600$37,600