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$30,703$30,703$297,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$266,297$0
Funding fee$0$0$0
Note rate7.15%7.15%7.18%
Blended rate8%7.776%7.42%
1st payment$601.81$601.81$2,011.98
2nd payment$0.00$1,719.83$0.00
Taxes / mo$57.42$57.42$57.42
Insurance / mo$150.00$150.00$150.00
MI / mo$63.11$63.11$59.40
HOA / mo$247.00$247.00$247.00
Total monthly$1,119.34$2,839.17$2,525.80
Cash to close$299,297$33,000$33,000