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$108,007$108,007$179,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$71,903$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.829%7.42%
1st payment$695.22$695.22$1,218.77
2nd payment$0.00$539.27$0.00
Taxes / mo$125.58$125.58$125.58
Insurance / mo$150.00$150.00$150.00
MI / mo$50.41$50.41$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,021.21$1,560.49$1,530.34
Cash to close$91,893$19,990$19,990