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$155,466$155,466$359,910
Remaining term (yrs)21.321.330.0
Secondary amount$0$204,444$0
Funding fee$0$0$0
Note rate4.15%4.15%7.18%
Blended rate5%6.562%7.42%
1st payment$914.04$914.04$2,438.16
2nd payment$0.00$1,320.37$0.00
Taxes / mo$194.33$194.33$194.33
Insurance / mo$150.00$150.00$150.00
MI / mo$133.19$133.19$71.98
HOA / mo$40.00$40.00$40.00
Total monthly$1,431.56$2,751.93$2,894.47
Cash to close$244,434$39,990$39,990