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$34,626$34,626$215,100
Remaining term (yrs)6.66.630.0
Secondary amount$0$180,474$0
Funding fee$0$0$0
Note rate5.5%5.5%7.18%
Blended rate6.35%7.734%7.42%
1st payment$512.70$512.70$1,457.16
2nd payment$0.00$1,203.16$0.00
Taxes / mo$59.58$59.58$59.58
Insurance / mo$150.00$150.00$150.00
MI / mo$63.96$63.96$43.02
HOA / mo$300.00$300.00$300.00
Total monthly$1,086.24$2,289.40$2,009.77
Cash to close$204,374$23,900$23,900