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$75,993$75,993$279,000
Remaining term (yrs)14.614.630.0
Secondary amount$0$203,007$0
Funding fee$0$0$0
Note rate3.61%3.61%7.18%
Blended rate4.46%6.854%7.42%
1st payment$556.76$556.76$1,890.04
2nd payment$0.00$1,311.08$0.00
Taxes / mo$61.92$61.92$61.92
Insurance / mo$150.00$150.00$150.00
MI / mo$77.86$77.86$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$846.53$2,157.62$2,157.76
Cash to close$234,007$31,000$31,000