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$158,969$158,969$269,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$110,941$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%5.998%7.42%
1st payment$864.44$864.44$1,828.46
2nd payment$0.00$739.61$0.00
Taxes / mo$166.08$166.08$166.08
Insurance / mo$150.00$150.00$150.00
MI / mo$132.22$132.22$53.98
HOA / mo$60.67$60.67$60.67
Total monthly$1,373.41$2,113.02$2,259.20
Cash to close$140,931$29,990$29,990