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$302,643$302,643$312,750
Remaining term (yrs)26.026.030.0
Secondary amount$0$27,482$0
Funding fee$0$0$0
Note rate6.11%6.11%7.18%
Blended rate6.96%7.369%7.42%
1st payment$1,935.87$1,935.87$2,118.68
2nd payment$0.00$271.96$0.00
Taxes / mo$105.75$105.75$105.75
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$62.55
HOA / mo$105.00$105.00$105.00
Total monthly$2,522.66$2,794.61$2,541.98
Cash to close$44,857$17,375$34,750