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$62,030$62,030$228,150
Remaining term (yrs)12.612.630.0
Secondary amount$0$166,120$0
Funding fee$0$0$0
Note rate4.88%4.88%7.18%
Blended rate5.73%7.383%7.42%
1st payment$547.93$547.93$1,545.57
2nd payment$0.00$1,107.47$0.00
Taxes / mo$60.50$60.50$60.50
Insurance / mo$150.00$150.00$150.00
MI / mo$73.30$73.30$45.63
HOA / mo$276.00$276.00$276.00
Total monthly$1,107.73$2,215.20$2,077.70
Cash to close$191,470$25,350$25,350