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$277,825$277,825$449,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$171,275$0
Funding fee$0$0$0
Note rate2.95%2.95%7.18%
Blended rate3.8%5.402%7.42%
1st payment$1,319.22$1,319.22$3,042.36
2nd payment$0.00$1,141.83$0.00
Taxes / mo$156.08$156.08$156.08
Insurance / mo$166.67$166.67$166.67
MI / mo$223.07$223.07$89.82
HOA / mo$41.67$41.67$41.67
Total monthly$1,906.71$3,048.54$3,496.60
Cash to close$221,175$49,900$49,900