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$177,085$177,085$287,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$110,825$0
Funding fee$0$0$0
Note rate3.05%3.05%7.18%
Blended rate3.9%5.478%7.42%
1st payment$851.98$851.98$1,950.40
2nd payment$0.00$738.84$0.00
Taxes / mo$124.42$124.42$124.42
Insurance / mo$150.00$150.00$150.00
MI / mo$142.23$142.23$57.58
HOA / mo$60.00$60.00$60.00
Total monthly$1,328.63$2,067.47$2,342.40
Cash to close$142,815$31,990$31,990