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$435,989$435,989$503,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$67,111$0
Funding fee$0$0$0
Note rate6.99%6.99%7.18%
Blended rate7.54%7.735%7.42%
1st payment$2,968.79$2,968.79$3,408.17
2nd payment$0.00$503.33$0.00
Taxes / mo$166.50$166.50$166.50
Insurance / mo$166.67$166.67$166.67
MI / mo$204.73$204.73$100.62
HOA / mo$86.67$86.67$86.67
Total monthly$3,593.35$4,096.69$3,928.63
Cash to close$123,011$55,900$55,900