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$1,207,987$1,207,987$2,250,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$1,042,013$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%6.064%7.42%
1st payment$6,143.80$6,143.80$15,242.28
2nd payment$0.00$6,729.67$0.00
Taxes / mo$780.42$780.42$780.42
Insurance / mo$216.67$216.67$216.67
MI / mo$938.54$938.54$450.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,079.43$14,809.09$16,689.37
Cash to close$1,292,013$250,000$250,000