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$239,438$239,438$292,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$53,062$0
Funding fee$0$0$0
Note rate2.88%2.88%7.18%
Blended rate3.73%4.686%7.42%
1st payment$1,149.74$1,149.74$1,981.50
2nd payment$0.00$397.97$0.00
Taxes / mo$114.08$114.08$114.08
Insurance / mo$150.00$150.00$150.00
MI / mo$196.16$196.16$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.98$2,007.95$2,304.08
Cash to close$85,562$32,500$32,500