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$42,107$42,107$243,000
Remaining term (yrs)14.514.530.0
Secondary amount$0$200,893$0
Funding fee$0$0$0
Note rate4.880%4.880%7.320%
Blended rate5.730%7.400%7.560%
1st payment$335.46$335.46$1,669.24
2nd payment$0.00$1,297.43$0.00
Taxes / mo$79.67$79.67$79.67
Insurance / mo$150.00$150.00$150.00
MI / mo$44.87$44.87$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$610.00$1,907.43$1,947.51
Cash to close$227,893$27,000$27,000