Elevate48
Call Jeremy

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$241,921$241,921$517,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$275,579$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.235%7.640%
1st payment$1,286.06$1,286.06$3,583.07
2nd payment$0.00$1,779.78$0.00
Taxes / mo$123.75$123.75$123.75
Insurance / mo$166.67$166.67$166.67
MI / mo$198.89$198.89$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,775.36$3,555.14$3,976.98
Cash to close$333,079$57,500$57,500