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	$292,438	$292,438	$355,491
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$63,053	$0
Funding fee	$0	$0	$0
Note rate	2.980%	2.980%	7.320%
Blended rate	3.830%	4.747%	7.560%
1st payment	$1,368.46	$1,368.46	$2,441.98
2nd payment	$0.00	$472.90	$0.00
Taxes / mo	$259.75	$259.75	$259.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$230.50	$230.50	$71.10
HOA / mo	$125.00	$125.00	$125.00
Total monthly	$2,133.72	$2,606.62	$3,047.82
Cash to close	$102,552	$39,499	$39,499