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$249,884$249,884$373,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$123,616$0
Funding fee$0$0$0
Note rate3.82%3.82%7.18%
Blended rate4.67%5.772%7.42%
1st payment$1,371.32$1,371.32$2,530.22
2nd payment$0.00$824.11$0.00
Taxes / mo$173.58$173.58$173.58
Insurance / mo$150.00$150.00$150.00
MI / mo$207.96$207.96$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,902.86$2,726.97$2,928.50
Cash to close$165,116$41,500$41,500