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$161,085$161,085$382,500
Remaining term (yrs)18.218.230.0
Secondary amount$0$221,415$0
Funding fee$0$0$0
Note rate3.8%3.8%7.18%
Blended rate4.65%6.444%7.42%
1st payment$1,017.74$1,017.74$2,591.19
2nd payment$0.00$1,429.97$0.00
Taxes / mo$184.08$184.08$184.08
Insurance / mo$150.00$150.00$150.00
MI / mo$154.71$154.71$76.50
HOA / mo$126.00$126.00$126.00
Total monthly$1,632.54$3,062.52$3,127.77
Cash to close$263,915$42,500$42,500