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$73,356$73,356$360,000
Remaining term (yrs)15.215.230.0
Secondary amount$0$286,644$0
Funding fee$0$0$0
Note rate3.96%3.96%7.18%
Blended rate4.81%7.151%7.42%
1st payment$532.52$532.52$2,438.77
2nd payment$0.00$1,851.24$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$150.00$150.00$150.00
MI / mo$79.39$79.39$72.00
HOA / mo$85.00$85.00$85.00
Total monthly$948.75$2,799.99$2,847.60
Cash to close$326,644$40,000$40,000