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$160,662$160,662$193,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$32,838$0
Funding fee$0$0$0
Note rate2.88%2.88%7.18%
Blended rate3.73%4.624%7.42%
1st payment$753.61$753.61$1,310.84
2nd payment$0.00$246.28$0.00
Taxes / mo$18.75$18.75$18.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.58$128.58$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,050.93$1,297.22$1,518.29
Cash to close$54,338$21,500$21,500