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	$236,298	$236,298	$422,910
Remaining term (yrs)	25.8	25.8	30.0
Secondary amount	$0	$186,612	$0
Funding fee	$0	$0	$0
Note rate	5.520%	5.520%	7.320%
Blended rate	6.370%	7.089%	7.560%
1st payment	$1,430.13	$1,430.13	$2,905.10
2nd payment	$0.00	$1,244.08	$0.00
Taxes / mo	$26.83	$26.83	$26.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$178.02	$178.02	$84.58
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,801.65	$3,045.73	$3,183.18
Cash to close	$233,602	$46,990	$46,990