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$265,793$265,793$373,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$107,707$0
Funding fee$0$0$0
Note rate3.04%3.04%7.18%
Blended rate3.89%5.075%7.42%
1st payment$1,277.39$1,277.39$2,530.22
2nd payment$0.00$718.05$0.00
Taxes / mo$112.42$112.42$112.42
Insurance / mo$150.00$150.00$150.00
MI / mo$213.52$213.52$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.33$2,471.38$2,867.34
Cash to close$149,207$41,500$41,500