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$313,264$313,264$404,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$90,836$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%4.992%7.42%
1st payment$1,485.62$1,485.62$2,737.51
2nd payment$0.00$681.27$0.00
Taxes / mo$225.50$225.50$225.50
Insurance / mo$150.00$150.00$150.00
MI / mo$250.24$250.24$80.82
HOA / mo$119.00$119.00$119.00
Total monthly$2,230.36$2,911.62$3,312.83
Cash to close$135,736$44,900$44,900