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$236,549$236,549$292,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$55,951$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.45%7.42%
1st payment$1,203.08$1,203.08$1,981.50
2nd payment$0.00$419.64$0.00
Taxes / mo$102.00$102.00$102.00
Insurance / mo$150.00$150.00$150.00
MI / mo$183.79$183.79$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,638.87$2,058.50$2,292.00
Cash to close$88,451$32,500$32,500