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$168,086$168,086$476,910
Remaining term (yrs)16.316.330.0
Secondary amount$0$308,824$0
Funding fee$0$0$0
Note rate3.4%3.4%7.18%
Blended rate4.25%6.516%7.42%
1st payment$1,114.57$1,114.57$3,230.75
2nd payment$0.00$1,994.49$0.00
Taxes / mo$223.25$223.25$223.25
Insurance / mo$166.67$166.67$166.67
MI / mo$178.02$178.02$95.38
HOA / mo$108.33$108.33$108.33
Total monthly$1,790.83$3,785.32$3,824.38
Cash to close$361,814$52,990$52,990