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$78,758$78,758$157,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$78,742$0
Funding fee$0$0$0
Note rate4.870%4.870%7.240%
Blended rate5.720%7.360%7.480%
1st payment$483.64$483.64$1,073.36
2nd payment$0.00$590.57$0.00
Taxes / mo$35.17$35.17$35.17
Insurance / mo$150.00$150.00$150.00
MI / mo$64.77$64.77$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$733.58$1,324.15$1,290.03
Cash to close$96,242$17,500$17,500