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$282,466$282,466$315,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$32,534$0
Funding fee$0$0$0
Note rate6.27%6.27%7.18%
Blended rate6.82%7.045%7.42%
1st payment$1,823.59$1,823.59$2,133.92
2nd payment$0.00$244.00$0.00
Taxes / mo$84.92$84.92$84.92
Insurance / mo$150.00$150.00$150.00
MI / mo$135.46$135.46$63.00
HOA / mo$89.00$89.00$89.00
Total monthly$2,282.96$2,526.96$2,520.84
Cash to close$67,534$35,000$35,000