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$237,247$237,247$342,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$104,753$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%4.989%7.42%
1st payment$1,117.27$1,117.27$2,316.83
2nd payment$0.00$698.35$0.00
Taxes / mo$178.92$178.92$178.92
Insurance / mo$150.00$150.00$150.00
MI / mo$192.36$192.36$68.40
HOA / mo$81.00$81.00$81.00
Total monthly$1,719.55$2,417.90$2,795.14
Cash to close$142,753$38,000$38,000