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$190,342$190,342$225,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$34,658$0
Funding fee$0$0$0
Note rate3.15%3.15%7.18%
Blended rate4%4.77%7.42%
1st payment$949.39$949.39$1,524.23
2nd payment$0.00$259.93$0.00
Taxes / mo$171.58$171.58$171.58
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$45.00
HOA / mo$48.00$48.00$48.00
Total monthly$1,475.46$1,735.40$1,938.81
Cash to close$59,658$25,000$25,000