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	$190,791	$190,791	$235,800
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$45,009	$0
Funding fee	$0	$0	$0
Note rate	3.150%	3.150%	7.320%
Blended rate	4.000%	4.954%	7.560%
1st payment	$949.39	$949.39	$1,619.78
2nd payment	$0.00	$337.57	$0.00
Taxes / mo	$171.58	$171.58	$171.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$156.49	$156.49	$47.16
HOA / mo	$48.00	$48.00	$48.00
Total monthly	$1,475.46	$1,813.03	$2,036.53
Cash to close	$71,209	$26,200	$26,200