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	$195,693	$195,693	$404,550
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$208,857	$0
Funding fee	$0	$0	$0
Note rate	2.710%	2.710%	7.320%
Blended rate	3.560%	5.723%	7.560%
1st payment	$913.78	$913.78	$2,778.98
2nd payment	$0.00	$1,348.87	$0.00
Taxes / mo	$204.25	$204.25	$204.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$159.38	$159.38	$80.91
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,427.41	$2,776.28	$3,214.14
Cash to close	$253,807	$44,950	$44,950