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	$271,745	$271,745	$367,200
Remaining term (yrs)	27.3	27.3	30.0
Secondary amount	$0	$95,455	$0
Funding fee	$0	$0	$0
Note rate	6.600%	6.600%	7.320%
Blended rate	7.150%	7.631%	7.560%
1st payment	$1,787.04	$1,787.04	$2,522.41
2nd payment	$0.00	$715.92	$0.00
Taxes / mo	$140.83	$140.83	$140.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$128.25	$128.25	$73.44
HOA / mo	$52.00	$52.00	$52.00
Total monthly	$2,258.12	$2,974.04	$2,938.68
Cash to close	$136,255	$40,800	$40,800