Martin Tsatskin | Elevate48

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	$238,731	$238,731	$323,910
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$85,179	$0
Funding fee	$0	$0	$0
Note rate	3.060%	3.060%	7.320%
Blended rate	3.910%	5.249%	7.560%
1st payment	$1,147.23	$1,147.23	$2,225.04
2nd payment	$0.00	$638.84	$0.00
Taxes / mo	$173.83	$173.83	$173.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$191.27	$191.27	$64.78
HOA / mo	$41.67	$41.67	$41.67
Total monthly	$1,704.00	$2,342.84	$2,655.32
Cash to close	$121,169	$35,990	$35,990