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$238,985$238,985$294,750
Remaining term (yrs)27.627.630.0
Secondary amount$0$55,765$0
Funding fee$0$0$0
Note rate6.88%6.88%7.18%
Blended rate7.43%7.727%7.42%
1st payment$1,611.72$1,611.72$1,996.74
2nd payment$0.00$418.24$0.00
Taxes / mo$117.25$117.25$117.25
Insurance / mo$150.00$150.00$150.00
MI / mo$112.39$112.39$58.95
HOA / mo$0.00$0.00$0.00
Total monthly$1,991.36$2,409.60$2,322.94
Cash to close$88,515$32,750$32,750