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	$230,970	$230,970	$310,275
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$79,305	$0
Funding fee	$0	$0	$0
Note rate	2.680%	2.680%	7.400%
Blended rate	3.530%	4.928%	7.640%
1st payment	$1,074.99	$1,074.99	$2,148.28
2nd payment	$0.00	$594.79	$0.00
Taxes / mo	$77.33	$77.33	$77.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$188.22	$188.22	$62.06
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$1,590.55	$2,185.34	$2,537.67
Cash to close	$113,780	$34,475	$34,475