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$198,459$198,459$238,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$40,041$0
Funding fee$0$0$0
Note rate2.79%2.79%7.18%
Blended rate3.64%4.54%7.42%
1st payment$934.79$934.79$1,615.68
2nd payment$0.00$300.31$0.00
Taxes / mo$44.17$44.17$44.17
Insurance / mo$150.00$150.00$150.00
MI / mo$161.36$161.36$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,290.32$1,590.62$1,857.55
Cash to close$66,541$26,500$26,500