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$269,914$269,914$333,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$63,086$0
Funding fee$0$0$0
Note rate2.93%2.93%7.18%
Blended rate3.78%4.769%7.42%
1st payment$1,275.94$1,275.94$2,255.86
2nd payment$0.00$473.15$0.00
Taxes / mo$112.25$112.25$112.25
Insurance / mo$150.00$150.00$150.00
MI / mo$216.30$216.30$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,754.49$2,227.64$2,584.71
Cash to close$100,086$37,000$37,000