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$225,557$225,557$251,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$26,353$0
Funding fee$0$0$0
Note rate2.78%2.78%7.18%
Blended rate3.63%4.192%7.42%
1st payment$1,066.38$1,066.38$1,706.53
2nd payment$0.00$197.65$0.00
Taxes / mo$148.50$148.50$148.50
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$50.38
HOA / mo$84.00$84.00$84.00
Total monthly$1,633.19$1,830.84$2,139.41
Cash to close$54,343$27,990$27,990