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$239,447$239,447$270,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$30,553$0
Funding fee$0$0$0
Note rate2.86%2.86%7.18%
Blended rate3.71%4.309%7.42%
1st payment$1,118.12$1,118.12$1,829.07
2nd payment$0.00$229.15$0.00
Taxes / mo$124.00$124.00$124.00
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,583.39$1,812.54$2,157.07
Cash to close$60,553$30,000$30,000