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$252,870$252,870$404,999
Remaining term (yrs)23.323.330.0
Secondary amount$0$152,129$0
Funding fee$0$0$0
Note rate3.400%3.400%7.320%
Blended rate4.250%5.659%7.560%
1st payment$1,303.34$1,303.34$2,782.06
2nd payment$0.00$1,014.20$0.00
Taxes / mo$188.17$188.17$188.17
Insurance / mo$150.00$150.00$150.00
MI / mo$208.17$208.17$81.00
HOA / mo$162.00$162.00$162.00
Total monthly$2,011.68$3,025.88$3,363.23
Cash to close$197,129$45,000$45,000