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	$176,717	$176,717	$427,410
Remaining term (yrs)	20.3	20.3	30.0
Secondary amount	$0	$250,693	$0
Funding fee	$0	$0	$0
Note rate	3.560%	3.560%	7.320%
Blended rate	4.410%	6.369%	7.560%
1st payment	$1,013.12	$1,013.12	$2,936.01
2nd payment	$0.00	$1,619.06	$0.00
Taxes / mo	$115.50	$115.50	$115.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$142.43	$142.43	$85.48
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,437.71	$3,056.77	$3,303.66
Cash to close	$298,183	$47,490	$47,490