Elevate48
Call Ashlea

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$192,025$192,025$387,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$194,975$0
Funding fee$0$0$0
Note rate4.2%4.2%7.18%
Blended rate5.05%6.536%7.42%
1st payment$1,171.59$1,171.59$2,621.67
2nd payment$0.00$1,299.83$0.00
Taxes / mo$189.67$189.67$189.67
Insurance / mo$150.00$150.00$150.00
MI / mo$169.70$169.70$77.40
HOA / mo$68.00$68.00$68.00
Total monthly$1,748.96$3,048.79$3,106.74
Cash to close$237,975$43,000$43,000