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$201,590$201,590$495,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$293,410$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%6.154%7.42%
1st payment$958.18$958.18$3,353.30
2nd payment$0.00$1,894.94$0.00
Taxes / mo$204.25$204.25$204.25
Insurance / mo$166.67$166.67$166.67
MI / mo$161.40$161.40$99.00
HOA / mo$63.33$63.33$63.33
Total monthly$1,553.82$3,448.76$3,886.55
Cash to close$348,410$55,000$55,000