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$361,098$361,098$381,600
Remaining term (yrs)25.725.730.0
Secondary amount$0$41,702$0
Funding fee$0$0$0
Note rate5.52%5.52%7.18%
Blended rate6.37%6.94%7.42%
1st payment$2,188.63$2,188.63$2,585.09
2nd payment$0.00$412.68$0.00
Taxes / mo$81.92$81.92$81.92
Insurance / mo$150.00$150.00$150.00
MI / mo$272.44$272.44$76.32
HOA / mo$0.00$0.00$0.00
Total monthly$2,692.98$3,105.66$2,893.33
Cash to close$62,902$21,200$42,400