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$15,764$15,764$171,000
Remaining term (yrs)5.85.830.0
Secondary amount$0$155,236$0
Funding fee$0$0$0
Note rate5.930%5.930%7.320%
Blended rate6.780%7.888%7.560%
1st payment$260.74$260.74$1,174.65
2nd payment$0.00$1,034.91$0.00
Taxes / mo$25.08$25.08$25.08
Insurance / mo$150.00$150.00$150.00
MI / mo$30.65$30.65$34.20
HOA / mo$212.00$212.00$212.00
Total monthly$678.47$1,713.38$1,595.93
Cash to close$174,236$19,000$19,000