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$38,771$38,771$387,000
Remaining term (yrs)3.73.730.0
Secondary amount$0$348,229$0
Funding fee$0$0$0
Note rate8.22%8.22%7.18%
Blended rate9.07%7.882%7.42%
1st payment$985.47$985.47$2,621.67
2nd payment$0.00$2,248.98$0.00
Taxes / mo$87.17$87.17$87.17
Insurance / mo$150.00$150.00$150.00
MI / mo$93.18$93.18$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,315.82$3,564.79$2,936.24
Cash to close$391,229$43,000$43,000