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$207,323$207,323$292,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$85,177$0
Funding fee$0$0$0
Note rate3.81%3.81%7.18%
Blended rate4.66%5.924%7.42%
1st payment$1,131.45$1,131.45$1,981.50
2nd payment$0.00$638.83$0.00
Taxes / mo$130.83$130.83$130.83
Insurance / mo$150.00$150.00$150.00
MI / mo$171.79$171.79$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,584.07$2,222.90$2,320.83
Cash to close$117,677$32,500$32,500