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$82,852$82,852$378,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$295,148$0
Funding fee$0$0$0
Note rate3.41%3.41%7.18%
Blended rate4.26%6.985%7.42%
1st payment$556.14$556.14$2,560.70
2nd payment$0.00$1,906.17$0.00
Taxes / mo$152.00$152.00$152.00
Insurance / mo$150.00$150.00$150.00
MI / mo$88.72$88.72$75.60
HOA / mo$55.00$55.00$55.00
Total monthly$1,001.86$2,908.02$2,993.30
Cash to close$337,148$42,000$42,000