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$157,130$157,130$296,910
Remaining term (yrs)20.820.830.0
Secondary amount$0$139,780$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.793%7.560%
1st payment$839.60$839.60$2,039.57
2nd payment$0.00$931.87$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$150.00$150.00$150.00
MI / mo$129.02$129.02$59.38
HOA / mo$70.00$70.00$70.00
Total monthly$1,356.29$2,288.16$2,486.61
Cash to close$172,770$32,990$32,990