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$213,296$213,296$296,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$83,614$0
Funding fee$0$0$0
Note rate5.23%5.23%7.18%
Blended rate6.08%6.902%7.42%
1st payment$1,255.76$1,255.76$2,011.37
2nd payment$0.00$627.11$0.00
Taxes / mo$70.83$70.83$70.83
Insurance / mo$150.00$150.00$150.00
MI / mo$161.44$161.44$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,638.04$2,265.15$2,291.59
Cash to close$116,604$32,990$32,990