Elevate48
Call Ashlea

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$273,712$273,712$306,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$32,288$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%4.885%7.560%
1st payment$1,360.85$1,360.85$2,102.01
2nd payment$0.00$242.16$0.00
Taxes / mo$172.17$172.17$172.17
Insurance / mo$150.00$150.00$150.00
MI / mo$213.34$213.34$61.20
HOA / mo$68.00$68.00$68.00
Total monthly$1,964.36$2,206.51$2,553.37
Cash to close$66,288$34,000$34,000