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$20,264$20,264$323,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$302,836$0
Funding fee$0$0$0
Note rate3.1%3.1%7.18%
Blended rate3.95%7.512%7.42%
1st payment$96.31$96.31$2,188.79
2nd payment$0.00$1,955.82$0.00
Taxes / mo$114.58$114.58$114.58
Insurance / mo$150.00$150.00$150.00
MI / mo$15.98$15.98$64.62
HOA / mo$68.33$68.33$68.33
Total monthly$445.19$2,401.01$2,586.33
Cash to close$338,736$35,900$35,900