Elevate48
Call Martin

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$291,597$291,597$382,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$90,903$0
Funding fee$0$0$0
Note rate6.36%6.36%7.18%
Blended rate6.91%7.407%7.42%
1st payment$1,901.37$1,901.37$2,591.19
2nd payment$0.00$681.77$0.00
Taxes / mo$120.17$120.17$120.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.91$139.91$76.50
HOA / mo$135.00$135.00$135.00
Total monthly$2,446.44$3,128.22$3,072.85
Cash to close$133,403$42,500$42,500