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$312,816$312,816$405,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$92,184$0
Funding fee$0$0$0
Note rate2.86%2.86%7.18%
Blended rate3.71%4.914%7.42%
1st payment$1,457.41$1,457.41$2,743.61
2nd payment$0.00$691.38$0.00
Taxes / mo$108.83$108.83$108.83
Insurance / mo$150.00$150.00$150.00
MI / mo$249.30$249.30$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,965.54$2,656.92$3,083.44
Cash to close$137,184$45,000$45,000