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$341,134$341,134$360,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$38,866$0
Funding fee$0$0$0
Note rate6.81%6.81%7.18%
Blended rate7.36%7.822%7.42%
1st payment$2,306.77$2,306.77$2,438.77
2nd payment$0.00$384.61$0.00
Taxes / mo$65.86$65.86$65.86
Insurance / mo$150.00$150.00$150.00
MI / mo$162.01$162.01$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,684.64$3,069.25$2,726.62
Cash to close$58,866$20,000$40,000