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$198,896$198,896$270,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$71,104$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%5.192%7.42%
1st payment$949.69$949.69$1,829.07
2nd payment$0.00$533.28$0.00
Taxes / mo$55.42$55.42$55.42
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,315.07$1,848.36$2,088.49
Cash to close$101,104$30,000$30,000