Ashlea McCaffrey | 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	$308,977	$308,977	$373,500
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$64,523	$0
Funding fee	$0	$0	$0
Note rate	3.450%	3.450%	7.240%
Blended rate	4.300%	5.112%	7.480%
1st payment	$1,522.66	$1,522.66	$2,545.40
2nd payment	$0.00	$483.92	$0.00
Taxes / mo	$161.17	$161.17	$161.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$241.69	$241.69	$74.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,075.51	$2,559.43	$2,931.26
Cash to close	$106,023	$41,500	$41,500