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$319,190$319,190$351,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$31,810$0
Funding fee$0$0$0
Note rate7.2%7.2%7.18%
Blended rate7.75%7.863%7.42%
1st payment$2,232.75$2,232.75$2,377.80
2nd payment$0.00$238.58$0.00
Taxes / mo$108.92$108.92$108.92
Insurance / mo$150.00$150.00$150.00
MI / mo$150.76$150.76$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,642.43$2,881.01$2,706.91
Cash to close$70,810$39,000$39,000