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$86,422$86,422$224,910
Remaining term (yrs)18.318.330.0
Secondary amount$0$138,488$0
Funding fee$0$0$0
Note rate3.59%3.59%7.18%
Blended rate4.44%6.632%7.42%
1st payment$535.03$535.03$1,523.62
2nd payment$0.00$923.25$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$44.98
HOA / mo$141.00$141.00$141.00
Total monthly$1,009.16$1,932.41$1,959.27
Cash to close$163,478$24,990$24,990