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	$60,002	$60,002	$202,500
Remaining term (yrs)	38.8	38.8	30.0
Secondary amount	$0	$142,498	$0
Funding fee	$0	$0	$0
Note rate	6.850%	6.850%	7.320%
Blended rate	7.400%	7.822%	7.560%
1st payment	$368.32	$368.32	$1,391.03
2nd payment	$0.00	$949.99	$0.00
Taxes / mo	$82.17	$82.17	$82.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$27.65	$27.65	$40.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$628.13	$1,578.12	$1,663.70
Cash to close	$164,998	$22,500	$22,500