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$22,609$22,609$198,000
Remaining term (yrs)4.54.530.0
Secondary amount$0$175,391$0
Funding fee$0$0$0
Note rate7.03%7.03%7.18%
Blended rate7.88%7.986%7.42%
1st payment$482.04$482.04$1,341.32
2nd payment$0.00$1,169.27$0.00
Taxes / mo$36.83$36.83$36.83
Insurance / mo$150.00$150.00$150.00
MI / mo$51.17$51.17$39.60
HOA / mo$225.00$225.00$225.00
Total monthly$945.04$2,114.31$1,792.75
Cash to close$197,391$22,000$22,000