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$83,860$83,860$315,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$231,140$0
Funding fee$0$0$0
Note rate3.95%3.95%7.18%
Blended rate4.8%6.965%7.42%
1st payment$601.26$601.26$2,133.92
2nd payment$0.00$1,492.78$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$89.75$89.75$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$969.84$2,462.62$2,475.75
Cash to close$266,140$35,000$35,000