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$301,680$301,680$346,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$44,730$0
Funding fee$0$0$0
Note rate6.78%6.78%7.18%
Blended rate7.33%7.546%7.42%
1st payment$2,019.03$2,019.03$2,346.70
2nd payment$0.00$335.48$0.00
Taxes / mo$58.25$58.25$58.25
Insurance / mo$150.00$150.00$150.00
MI / mo$142.24$142.24$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,369.52$2,705.00$2,624.23
Cash to close$83,220$38,490$38,490