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$198,329$198,329$279,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$80,671$0
Funding fee$0$0$0
Note rate2.67%2.67%7.18%
Blended rate3.52%5.105%7.42%
1st payment$924.30$924.30$1,890.04
2nd payment$0.00$605.03$0.00
Taxes / mo$57.67$57.67$57.67
Insurance / mo$150.00$150.00$150.00
MI / mo$162.05$162.05$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,294.02$1,899.06$2,153.51
Cash to close$111,671$31,000$31,000