Jeremy Fierstein | Elevate48

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Payment stack including taxes, insurance, and HOA

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$467,227	$450,000
Remaining term (yrs)	28.6	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	3.990%	7.400%
Blended rate	4.540%	7.640%
1st payment	$2,278.41	$3,115.71
2nd payment	$0.00	$0.00
Taxes / mo	$23.83	$23.83
Insurance / mo	$0.00	$0.00
MI / mo	$219.00	$90.00
HOA / mo	$62.00	$62.00
Total monthly	$2,583.25	$3,291.54
Cash to close	$32,773	$50,000