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$62,626$62,626$229,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$166,874$0
Funding fee$0$0$0
Note rate3.94%3.94%7.18%
Blended rate4.79%7.124%7.42%
1st payment$390.63$390.63$1,554.71
2nd payment$0.00$1,112.49$0.00
Taxes / mo$37.00$37.00$37.00
Insurance / mo$150.00$150.00$150.00
MI / mo$58.38$58.38$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$636.00$1,748.50$1,787.61
Cash to close$192,374$25,500$25,500