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$269,301$269,301$283,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$29,949$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%4.635%7.42%
1st payment$1,280.02$1,280.02$1,920.53
2nd payment$0.00$296.37$0.00
Taxes / mo$154.00$154.00$154.00
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$56.70
HOA / mo$76.00$76.00$76.00
Total monthly$1,875.62$2,172.00$2,357.23
Cash to close$45,699$15,750$31,500