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$287,369$287,369$350,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$62,731$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%4.617%7.42%
1st payment$1,353.31$1,353.31$2,371.70
2nd payment$0.00$470.48$0.00
Taxes / mo$171.33$171.33$171.33
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$70.02
HOA / mo$84.00$84.00$84.00
Total monthly$1,991.64$2,462.12$2,847.05
Cash to close$101,631$38,900$38,900