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$76,318$76,318$314,910
Remaining term (yrs)18.018.030.0
Secondary amount$0$238,592$0
Funding fee$0$0$0
Note rate4.16%4.16%7.18%
Blended rate5.01%7.086%7.42%
1st payment$500.99$500.99$2,133.31
2nd payment$0.00$1,540.91$0.00
Taxes / mo$58.00$58.00$58.00
Insurance / mo$150.00$150.00$150.00
MI / mo$72.92$72.92$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$781.91$2,322.82$2,404.29
Cash to close$273,582$34,990$34,990