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$191,315$191,315$306,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$114,685$0
Funding fee$0$0$0
Note rate4.08%4.08%7.18%
Blended rate4.93%6.081%7.42%
1st payment$1,079.14$1,079.14$2,072.95
2nd payment$0.00$764.57$0.00
Taxes / mo$92.17$92.17$92.17
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$61.20
HOA / mo$105.00$105.00$105.00
Total monthly$1,584.88$2,349.45$2,481.32
Cash to close$148,685$34,000$34,000