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$315,224$315,224$393,300
Remaining term (yrs)24.924.930.0
Secondary amount$0$78,076$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%4.768%7.42%
1st payment$1,473.60$1,473.60$2,664.35
2nd payment$0.00$585.57$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$150.00$150.00$150.00
MI / mo$251.75$251.75$78.66
HOA / mo$85.00$85.00$85.00
Total monthly$2,137.34$2,722.92$3,155.01
Cash to close$121,776$43,700$43,700