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$136,282$136,282$198,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$61,718$0
Funding fee$0$0$0
Note rate2.89%2.89%7.18%
Blended rate3.74%5.38%7.42%
1st payment$655.10$655.10$1,341.32
2nd payment$0.00$462.88$0.00
Taxes / mo$40.92$40.92$40.92
Insurance / mo$150.00$150.00$150.00
MI / mo$111.63$111.63$39.60
HOA / mo$199.00$199.00$199.00
Total monthly$1,156.65$1,619.53$1,770.84
Cash to close$83,718$22,000$22,000