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$205,820$205,820$413,100
Remaining term (yrs)21.621.630.0
Secondary amount$0$207,280$0
Funding fee$0$0$0
Note rate4.470%4.470%7.320%
Blended rate5.320%6.539%7.560%
1st payment$1,234.44$1,234.44$2,837.71
2nd payment$0.00$1,338.69$0.00
Taxes / mo$257.00$257.00$257.00
Insurance / mo$166.67$166.67$166.67
MI / mo$173.18$173.18$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,831.28$3,169.97$3,344.00
Cash to close$253,180$45,900$45,900