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$358,089$358,089$467,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$109,821$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.273%7.42%
1st payment$2,316.90$2,316.90$3,169.79
2nd payment$0.00$732.14$0.00
Taxes / mo$123.17$123.17$123.17
Insurance / mo$166.67$166.67$166.67
MI / mo$168.01$168.01$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,774.73$3,506.87$3,553.20
Cash to close$161,811$51,990$51,990