Jeremy Fierstein | Elevate48

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	$418,234	$418,234	$526,500
Remaining term (yrs)	27.0	27.0	30.0
Secondary amount	$0	$108,266	$0
Funding fee	$0	$0	$0
Note rate	6.810%	6.810%	7.400%
Blended rate	7.360%	7.492%	7.640%
1st payment	$2,822.05	$2,822.05	$3,645.38
2nd payment	$0.00	$721.77	$0.00
Taxes / mo	$78.83	$78.83	$78.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$198.20	$198.20	$105.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,265.75	$3,987.52	$3,996.18
Cash to close	$166,766	$58,500	$58,500