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$228,373$228,373$288,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$59,627$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.821%7.560%
1st payment$1,063.94$1,063.94$1,978.36
2nd payment$0.00$447.20$0.00
Taxes / mo$87.17$87.17$87.17
Insurance / mo$150.00$150.00$150.00
MI / mo$181.53$181.53$57.60
HOA / mo$40.00$40.00$40.00
Total monthly$1,522.63$1,969.83$2,313.13
Cash to close$91,627$32,000$32,000