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$87,720$87,720$259,200
Remaining term (yrs)18.718.730.0
Secondary amount$0$171,480$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.85%6.934%7.42%
1st payment$553.14$553.14$1,755.91
2nd payment$0.00$1,143.20$0.00
Taxes / mo$56.00$56.00$56.00
Insurance / mo$150.00$150.00$150.00
MI / mo$82.07$82.07$51.84
HOA / mo$0.00$0.00$0.00
Total monthly$841.21$1,984.41$2,013.75
Cash to close$200,280$28,800$28,800