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	$168,723	$168,723	$476,910
Remaining term (yrs)	16.3	16.3	30.0
Secondary amount	$0	$308,187	$0
Funding fee	$0	$0	$0
Note rate	3.400%	3.400%	7.320%
Blended rate	4.250%	6.512%	7.560%
1st payment	$1,114.57	$1,114.57	$3,276.04
2nd payment	$0.00	$1,990.38	$0.00
Taxes / mo	$223.25	$223.25	$223.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$178.02	$178.02	$95.38
HOA / mo	$108.33	$108.33	$108.33
Total monthly	$1,790.83	$3,781.21	$3,869.67
Cash to close	$361,177	$52,990	$52,990