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$174,977$174,977$495,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$320,023$0
Funding fee$0$0$0
Note rate2.71%2.71%7.18%
Blended rate3.56%6.269%7.42%
1st payment$819.03$819.03$3,353.30
2nd payment$0.00$2,066.82$0.00
Taxes / mo$173.33$173.33$173.33
Insurance / mo$166.67$166.67$166.67
MI / mo$142.85$142.85$99.00
HOA / mo$22.75$22.75$22.75
Total monthly$1,324.62$3,391.44$3,815.05
Cash to close$375,023$55,000$55,000