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	$185,533	$185,533	$346,410
Remaining term (yrs)	22.6	22.6	30.0
Secondary amount	$0	$160,877	$0
Funding fee	$0	$0	$0
Note rate	3.820%	3.820%	7.400%
Blended rate	4.670%	6.216%	7.640%
1st payment	$1,018.17	$1,018.17	$2,398.47
2nd payment	$0.00	$1,072.52	$0.00
Taxes / mo	$186.83	$186.83	$186.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$154.40	$154.40	$69.28
HOA / mo	$102.00	$102.00	$102.00
Total monthly	$1,611.41	$2,683.92	$2,906.59
Cash to close	$199,367	$38,490	$38,490