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$154,812$154,812$243,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$88,188$0
Funding fee$0$0$0
Note rate3.15%3.15%7.18%
Blended rate4%5.815%7.42%
1st payment$772.17$772.17$1,646.17
2nd payment$0.00$661.41$0.00
Taxes / mo$63.17$63.17$63.17
Insurance / mo$150.00$150.00$150.00
MI / mo$127.28$127.28$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,112.62$1,774.03$1,907.93
Cash to close$115,188$27,000$27,000