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$88,727$88,727$355,500
Remaining term (yrs)12.112.130.0
Secondary amount$0$266,773$0
Funding fee$0$0$0
Note rate5.38%5.38%7.18%
Blended rate6.23%7.371%7.42%
1st payment$829.48$829.48$2,408.28
2nd payment$0.00$1,722.91$0.00
Taxes / mo$194.50$194.50$194.50
Insurance / mo$150.00$150.00$150.00
MI / mo$104.87$104.87$71.10
HOA / mo$141.00$141.00$141.00
Total monthly$1,419.84$3,142.75$2,964.88
Cash to close$306,273$39,500$39,500