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$138,394$138,394$247,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$109,106$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.026%7.560%
1st payment$729.45$729.45$1,700.15
2nd payment$0.00$727.37$0.00
Taxes / mo$104.83$104.83$104.83
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$49.50
HOA / mo$110.00$110.00$110.00
Total monthly$1,207.65$1,935.02$2,114.49
Cash to close$136,606$27,500$27,500