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$48,751$48,751$305,999
Remaining term (yrs)7.37.330.0
Secondary amount$0$257,248$0
Funding fee$0$0$0
Note rate5.5%5.5%7.18%
Blended rate6.35%7.527%7.42%
1st payment$668.30$668.30$2,072.94
2nd payment$0.00$1,661.39$0.00
Taxes / mo$107.92$107.92$107.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.37$83.37$61.20
HOA / mo$38.00$38.00$38.00
Total monthly$1,047.59$2,708.98$2,430.06
Cash to close$291,248$34,000$34,000