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$285,175$285,175$310,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$25,325$0
Funding fee$0$0$0
Note rate6.79%6.79%7.18%
Blended rate7.34%7.475%7.42%
1st payment$1,908.45$1,908.45$2,103.44
2nd payment$0.00$189.94$0.00
Taxes / mo$146.50$146.50$146.50
Insurance / mo$150.00$150.00$150.00
MI / mo$134.31$134.31$62.10
HOA / mo$79.67$79.67$79.67
Total monthly$2,418.93$2,608.87$2,541.71
Cash to close$59,825$34,500$34,500