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$28,470$28,470$171,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$142,530$0
Funding fee$0$0$0
Note rate3.5%3.5%7.18%
Blended rate4.35%7.392%7.42%
1st payment$193.12$193.12$1,158.41
2nd payment$0.00$950.20$0.00
Taxes / mo$56.00$56.00$56.00
Insurance / mo$150.00$150.00$150.00
MI / mo$30.46$30.46$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$429.58$1,379.78$1,398.61
Cash to close$161,530$19,000$19,000