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$214,236$214,236$432,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$217,764$0
Funding fee$0$0$0
Note rate4.05%4.05%7.18%
Blended rate4.9%6.337%7.42%
1st payment$1,273.32$1,273.32$2,926.52
2nd payment$0.00$1,406.40$0.00
Taxes / mo$131.75$131.75$131.75
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$86.40
HOA / mo$17.33$17.33$17.33
Total monthly$1,776.86$3,183.25$3,328.67
Cash to close$265,764$48,000$48,000