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$330,967$330,967$450,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$119,033$0
Funding fee$0$0$0
Note rate2.93%2.93%7.18%
Blended rate3.78%4.896%7.42%
1st payment$1,564.55$1,564.55$3,048.46
2nd payment$0.00$793.55$0.00
Taxes / mo$187.58$187.58$187.58
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$90.00
HOA / mo$41.42$41.42$41.42
Total monthly$2,225.45$3,019.00$3,534.13
Cash to close$169,033$50,000$50,000