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$31,022$31,022$477,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$445,978$0
Funding fee$0$0$0
Note rate3.69%3.69%7.18%
Blended rate4.54%7.541%7.42%
1st payment$192.42$192.42$3,231.36
2nd payment$0.00$2,880.27$0.00
Taxes / mo$238.17$238.17$238.17
Insurance / mo$166.67$166.67$166.67
MI / mo$29.65$29.65$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$626.91$3,507.18$3,731.60
Cash to close$498,978$53,000$53,000