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$245,359$245,359$301,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$56,141$0
Funding fee$0$0$0
Note rate2.73%2.73%7.18%
Blended rate3.58%4.589%7.42%
1st payment$1,145.45$1,145.45$2,042.47
2nd payment$0.00$421.06$0.00
Taxes / mo$112.00$112.00$112.00
Insurance / mo$150.00$150.00$150.00
MI / mo$199.26$199.26$60.30
HOA / mo$241.00$241.00$241.00
Total monthly$1,847.71$2,268.77$2,605.77
Cash to close$89,641$33,500$33,500