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$283,521$283,521$310,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$26,979$0
Funding fee$0$0$0
Note rate3.01%3.01%7.18%
Blended rate3.86%4.307%7.42%
1st payment$1,342.97$1,342.97$2,103.44
2nd payment$0.00$202.34$0.00
Taxes / mo$81.25$81.25$81.25
Insurance / mo$150.00$150.00$150.00
MI / mo$225.34$225.34$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,799.56$2,001.90$2,396.79
Cash to close$61,479$34,500$34,500