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$305,795$305,795$323,999
Remaining term (yrs)28.428.430.0
Secondary amount$0$36,204$0
Funding fee$0$0$0
Note rate6.65%6.65%7.18%
Blended rate7.2%7.695%7.42%
1st payment$1,996.18$1,996.18$2,194.88
2nd payment$0.00$358.27$0.00
Taxes / mo$94.42$94.42$94.42
Insurance / mo$150.00$150.00$150.00
MI / mo$142.52$142.52$64.80
HOA / mo$70.00$70.00$70.00
Total monthly$2,453.11$2,811.38$2,574.10
Cash to close$54,204$18,000$36,000