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$177,655$177,655$395,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$217,445$0
Funding fee$0$0$0
Note rate2.96%2.96%7.18%
Blended rate3.81%5.978%7.42%
1st payment$846.43$846.43$2,676.55
2nd payment$0.00$1,404.33$0.00
Taxes / mo$218.25$218.25$218.25
Insurance / mo$150.00$150.00$150.00
MI / mo$142.94$142.94$79.02
HOA / mo$69.00$69.00$69.00
Total monthly$1,426.62$2,830.95$3,192.82
Cash to close$261,345$43,900$43,900