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$183,570$183,570$553,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$369,930$0
Funding fee$0$0$0
Note rate3.41%3.41%7.18%
Blended rate4.26%6.593%7.42%
1st payment$1,204.51$1,204.51$3,749.60
2nd payment$0.00$2,389.13$0.00
Taxes / mo$123.00$123.00$123.00
Insurance / mo$166.67$166.67$166.67
MI / mo$192.15$192.15$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,686.33$4,075.46$4,149.97
Cash to close$431,430$61,500$61,500