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$97,957$97,957$283,500
Remaining term (yrs)14.914.930.0
Secondary amount$0$185,543$0
Funding fee$0$0$0
Note rate4.32%4.32%7.18%
Blended rate5.17%7.022%7.42%
1st payment$740.38$740.38$1,920.53
2nd payment$0.00$1,236.95$0.00
Taxes / mo$190.92$190.92$190.92
Insurance / mo$150.00$150.00$150.00
MI / mo$105.72$105.72$56.70
HOA / mo$180.00$180.00$180.00
Total monthly$1,367.02$2,603.98$2,498.14
Cash to close$217,043$31,500$31,500