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	$252,954	$252,954	$345,600
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$92,646	$0
Funding fee	$0	$0	$0
Note rate	2.960%	2.960%	7.320%
Blended rate	3.810%	5.201%	7.560%
1st payment	$1,199.70	$1,199.70	$2,374.03
2nd payment	$0.00	$694.84	$0.00
Taxes / mo	$165.58	$165.58	$165.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$202.60	$202.60	$69.12
HOA / mo	$162.00	$162.00	$162.00
Total monthly	$1,879.88	$2,574.72	$2,920.74
Cash to close	$131,046	$38,400	$38,400