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$248,621$248,621$405,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$156,379$0
Funding fee$0$0$0
Note rate3.090%3.090%7.240%
Blended rate3.940%5.508%7.480%
1st payment$1,204.06$1,204.06$2,760.07
2nd payment$0.00$1,042.53$0.00
Taxes / mo$214.58$214.58$214.58
Insurance / mo$150.00$150.00$150.00
MI / mo$199.98$199.98$81.00
HOA / mo$50.00$50.00$50.00
Total monthly$1,818.62$2,861.15$3,255.65
Cash to close$201,379$45,000$45,000