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$116,486$116,486$506,700
Remaining term (yrs)19.219.230.0
Secondary amount$0$390,214$0
Funding fee$0$0$0
Note rate3.96%3.96%7.18%
Blended rate4.81%7.074%7.42%
1st payment$719.38$719.38$3,432.56
2nd payment$0.00$2,520.13$0.00
Taxes / mo$112.25$112.25$112.25
Insurance / mo$166.67$166.67$166.67
MI / mo$107.25$107.25$101.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,105.54$3,625.67$3,812.82
Cash to close$446,514$56,300$56,300