Elevate48
Call Ashlea

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$249,355$249,355$337,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$88,145$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.055%7.560%
1st payment$1,171.52$1,171.52$2,318.39
2nd payment$0.00$661.09$0.00
Taxes / mo$83.58$83.58$83.58
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$67.50
HOA / mo$41.67$41.67$41.67
Total monthly$1,648.47$2,309.56$2,661.14
Cash to close$125,645$37,500$37,500