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$110,893$110,893$405,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$294,107$0
Funding fee$0$0$0
Note rate3.87%3.87%7.18%
Blended rate4.72%6.92%7.42%
1st payment$793.71$793.71$2,743.61
2nd payment$0.00$1,899.44$0.00
Taxes / mo$152.25$152.25$152.25
Insurance / mo$150.00$150.00$150.00
MI / mo$119.63$119.63$81.00
HOA / mo$51.00$51.00$51.00
Total monthly$1,266.60$3,166.04$3,177.86
Cash to close$339,107$45,000$45,000