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$317,130$317,130$335,250
Remaining term (yrs)25.125.130.0
Secondary amount$0$36,745$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%4.809%7.640%
1st payment$1,517.10$1,517.10$2,321.20
2nd payment$0.00$363.63$0.00
Taxes / mo$132.17$132.17$132.17
Insurance / mo$150.00$150.00$150.00
MI / mo$250.38$250.38$67.05
HOA / mo$236.00$236.00$236.00
Total monthly$2,285.65$2,649.28$2,906.42
Cash to close$55,370$18,625$37,250