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$135,917$135,917$177,300
Remaining term (yrs)24.124.130.0
Secondary amount$0$41,383$0
Funding fee$0$0$0
Note rate2.8%2.8%7.18%
Blended rate3.65%4.899%7.42%
1st payment$645.52$645.52$1,201.09
2nd payment$0.00$310.37$0.00
Taxes / mo$23.42$23.42$23.42
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$35.46
HOA / mo$217.00$217.00$217.00
Total monthly$1,147.22$1,457.59$1,626.97
Cash to close$61,083$19,700$19,700