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$254,130$254,130$268,038
Remaining term (yrs)26.626.630.0
Secondary amount$0$28,799$0
Funding fee$0$0$0
Note rate6.34%6.34%7.18%
Blended rate6.89%7.397%7.42%
1st payment$1,647.87$1,647.87$1,815.78
2nd payment$0.00$284.99$0.00
Taxes / mo$101.58$101.58$101.58
Insurance / mo$150.00$150.00$150.00
MI / mo$121.51$121.51$53.61
HOA / mo$0.00$0.00$0.00
Total monthly$2,020.96$2,305.95$2,120.97
Cash to close$43,690$14,891$29,782