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$396,721$396,721$449,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$53,189$0
Funding fee$0$0$0
Note rate6.58%6.58%7.18%
Blended rate7.13%7.351%7.42%
1st payment$2,561.54$2,561.54$3,047.85
2nd payment$0.00$398.91$0.00
Taxes / mo$201.08$201.08$201.08
Insurance / mo$166.67$166.67$166.67
MI / mo$184.21$184.21$89.98
HOA / mo$103.33$103.33$103.33
Total monthly$3,216.83$3,615.74$3,608.91
Cash to close$103,179$49,990$49,990