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$270,519$270,519$324,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$53,481$0
Funding fee$0$0$0
Note rate2.86%2.86%7.18%
Blended rate3.71%4.583%7.42%
1st payment$1,263.22$1,263.22$2,194.89
2nd payment$0.00$401.11$0.00
Taxes / mo$211.58$211.58$211.58
Insurance / mo$150.00$150.00$150.00
MI / mo$216.08$216.08$64.80
HOA / mo$133.00$133.00$133.00
Total monthly$1,973.88$2,375.00$2,754.27
Cash to close$89,481$36,000$36,000