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$158,412$158,412$395,100
Remaining term (yrs)21.921.930.0
Secondary amount$0$236,688$0
Funding fee$0$0$0
Note rate3.31%3.31%7.18%
Blended rate4.16%6.311%7.42%
1st payment$845.60$845.60$2,676.55
2nd payment$0.00$1,528.61$0.00
Taxes / mo$69.00$69.00$69.00
Insurance / mo$150.00$150.00$150.00
MI / mo$131.09$131.09$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,195.69$2,724.29$2,974.57
Cash to close$280,588$43,900$43,900