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$196,692$196,692$378,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$181,308$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%5.83%7.42%
1st payment$932.79$932.79$2,560.70
2nd payment$0.00$1,208.72$0.00
Taxes / mo$152.75$152.75$152.75
Insurance / mo$150.00$150.00$150.00
MI / mo$157.12$157.12$75.60
HOA / mo$66.67$66.67$66.67
Total monthly$1,459.33$2,668.05$3,005.72
Cash to close$223,308$42,000$42,000