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$247,374$247,374$305,999
Remaining term (yrs)28.228.230.0
Secondary amount$0$58,625$0
Funding fee$0$0$0
Note rate6.89%6.89%7.18%
Blended rate7.44%7.739%7.42%
1st payment$1,656.88$1,656.88$2,072.94
2nd payment$0.00$439.69$0.00
Taxes / mo$35.75$35.75$35.75
Insurance / mo$150.00$150.00$150.00
MI / mo$115.42$115.42$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.05$2,397.74$2,319.89
Cash to close$92,625$34,000$34,000