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$195,447$195,447$333,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$137,553$0
Funding fee$0$0$0
Note rate4.06%4.06%7.18%
Blended rate4.91%6.186%7.42%
1st payment$1,095.43$1,095.43$2,255.86
2nd payment$0.00$917.02$0.00
Taxes / mo$58.75$58.75$58.75
Insurance / mo$150.00$150.00$150.00
MI / mo$161.36$161.36$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,465.54$2,382.56$2,531.21
Cash to close$174,553$37,000$37,000