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$230,863$230,863$395,999
Remaining term (yrs)24.524.530.0
Secondary amount$0$165,136$0
Funding fee$0$0$0
Note rate2.75%2.75%7.18%
Blended rate3.6%5.422%7.42%
1st payment$1,090.89$1,090.89$2,682.64
2nd payment$0.00$1,100.91$0.00
Taxes / mo$211.17$211.17$211.17
Insurance / mo$150.00$150.00$150.00
MI / mo$189.28$189.28$79.20
HOA / mo$55.00$55.00$55.00
Total monthly$1,696.34$2,797.25$3,178.00
Cash to close$209,136$44,000$44,000