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$228,321$228,321$242,933
Remaining term (yrs)25.125.130.0
Secondary amount$0$28,108$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%4.712%7.42%
1st payment$1,073.15$1,073.15$1,645.72
2nd payment$0.00$278.16$0.00
Taxes / mo$70.75$70.75$70.75
Insurance / mo$150.00$150.00$150.00
MI / mo$180.76$180.76$48.59
HOA / mo$385.00$385.00$385.00
Total monthly$1,859.66$2,137.82$2,300.05
Cash to close$41,605$13,496$26,993