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$180,264$180,264$234,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$53,736$0
Funding fee$0$0$0
Note rate6.11%6.11%7.18%
Blended rate6.66%7.197%7.42%
1st payment$1,101.19$1,101.19$1,585.20
2nd payment$0.00$403.02$0.00
Taxes / mo$115.33$115.33$115.33
Insurance / mo$150.00$150.00$150.00
MI / mo$83.20$83.20$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,449.72$1,852.73$1,897.33
Cash to close$79,736$26,000$26,000