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$275,086$275,086$787,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$512,414$0
Funding fee$0$0$0
Note rate2.71%2.71%7.18%
Blended rate3.56%6.286%7.42%
1st payment$1,290.74$1,290.74$5,334.80
2nd payment$0.00$3,309.34$0.00
Taxes / mo$169.42$169.42$169.42
Insurance / mo$216.67$216.67$216.67
MI / mo$225.12$225.12$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,901.94$5,211.28$5,878.38
Cash to close$599,914$87,500$87,500