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$87,326$87,326$292,410
Remaining term (yrs)28.628.630.0
Secondary amount$0$205,084$0
Funding fee$0$0$0
Note rate6.72%6.72%7.18%
Blended rate7.27%7.607%7.42%
1st payment$572.39$572.39$1,980.89
2nd payment$0.00$1,324.50$0.00
Taxes / mo$107.33$107.33$107.33
Insurance / mo$150.00$150.00$150.00
MI / mo$40.57$40.57$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$870.29$2,194.80$2,296.70
Cash to close$237,574$32,490$32,490