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$203,756$203,756$220,950
Remaining term (yrs)27.727.730.0
Secondary amount$0$29,469$0
Funding fee$0$0$0
Note rate6.92%6.92%7.18%
Blended rate7.47%8.027%7.42%
1st payment$1,376.72$1,376.72$1,496.79
2nd payment$0.00$291.62$0.00
Taxes / mo$90.83$90.83$90.83
Insurance / mo$150.00$150.00$150.00
MI / mo$95.61$95.61$44.19
HOA / mo$145.00$145.00$145.00
Total monthly$1,858.17$2,149.79$1,926.82
Cash to close$41,744$12,275$24,550