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$109,754$109,754$288,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$178,246$0
Funding fee$0$0$0
Note rate2.97%2.97%7.18%
Blended rate3.82%6.407%7.42%
1st payment$523.49$523.49$1,951.01
2nd payment$0.00$1,188.31$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$88.29$88.29$57.60
HOA / mo$110.00$110.00$110.00
Total monthly$970.36$2,158.67$2,367.20
Cash to close$210,246$32,000$32,000