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$285,691$285,691$369,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$83,309$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%4.912%7.42%
1st payment$1,363.84$1,363.84$2,499.73
2nd payment$0.00$624.82$0.00
Taxes / mo$101.42$101.42$101.42
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,848.25$2,473.06$2,824.95
Cash to close$124,309$41,000$41,000