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$266,504$266,504$301,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$34,996$0
Funding fee$0$0$0
Note rate7.06%7.06%7.18%
Blended rate7.61%8.037%7.42%
1st payment$1,825.21$1,825.21$2,042.47
2nd payment$0.00$262.47$0.00
Taxes / mo$72.67$72.67$72.67
Insurance / mo$150.00$150.00$150.00
MI / mo$193.16$193.16$60.30
HOA / mo$50.00$50.00$50.00
Total monthly$2,291.04$2,553.51$2,375.43
Cash to close$68,496$33,500$33,500