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$213,495$213,495$332,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$119,415$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.627%7.42%
1st payment$1,108.58$1,108.58$2,255.25
2nd payment$0.00$796.10$0.00
Taxes / mo$177.67$177.67$177.67
Insurance / mo$150.00$150.00$150.00
MI / mo$175.96$175.96$66.58
HOA / mo$92.00$92.00$92.00
Total monthly$1,704.21$2,500.31$2,741.50
Cash to close$156,405$36,990$36,990