Elevate48
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$203,330$203,330$292,500
Remaining term (yrs)11.211.230.0
Secondary amount$0$89,170$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.85%6.115%7.42%
1st payment$1,861.92$1,861.92$1,981.50
2nd payment$0.00$668.78$0.00
Taxes / mo$170.83$170.83$170.83
Insurance / mo$150.00$150.00$150.00
MI / mo$276.25$276.25$58.50
HOA / mo$257.33$257.33$257.33
Total monthly$2,716.33$3,385.11$2,618.16
Cash to close$121,670$32,500$32,500