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$173,076$173,076$270,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$96,924$0
Funding fee$0$0$0
Note rate2.99%2.99%7.18%
Blended rate3.84%5.692%7.42%
1st payment$825.42$825.42$1,829.07
2nd payment$0.00$726.93$0.00
Taxes / mo$200.83$200.83$200.83
Insurance / mo$150.00$150.00$150.00
MI / mo$138.86$138.86$54.00
HOA / mo$133.00$133.00$133.00
Total monthly$1,448.11$2,175.04$2,366.91
Cash to close$126,924$30,000$30,000