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$179,558$179,558$396,900
Remaining term (yrs)20.620.630.0
Secondary amount$0$217,342$0
Funding fee$0$0$0
Note rate3.95%3.95%7.18%
Blended rate4.8%6.415%7.42%
1st payment$1,057.69$1,057.69$2,688.74
2nd payment$0.00$1,403.67$0.00
Taxes / mo$175.50$175.50$175.50
Insurance / mo$150.00$150.00$150.00
MI / mo$157.88$157.88$79.38
HOA / mo$82.00$82.00$82.00
Total monthly$1,623.07$3,026.73$3,175.62
Cash to close$261,442$44,100$44,100