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$112,622$112,622$306,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$193,378$0
Funding fee$0$0$0
Note rate3.59%3.59%7.18%
Blended rate4.44%6.69%7.42%
1st payment$669.94$669.94$2,072.95
2nd payment$0.00$1,289.19$0.00
Taxes / mo$79.25$79.25$79.25
Insurance / mo$150.00$150.00$150.00
MI / mo$104.51$104.51$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,003.70$2,292.88$2,363.40
Cash to close$227,378$34,000$34,000