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$159,476$159,476$346,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$187,024$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.417%7.560%
1st payment$950.25$950.25$2,380.21
2nd payment$0.00$1,246.83$0.00
Taxes / mo$123.17$123.17$123.17
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,369.47$2,616.30$2,722.68
Cash to close$225,524$38,500$38,500