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$200,872$200,872$238,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$37,628$0
Funding fee$0$0$0
Note rate6.58%6.58%7.18%
Blended rate7.13%7.425%7.42%
1st payment$1,296.98$1,296.98$1,615.68
2nd payment$0.00$282.21$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,646.59$1,928.80$1,919.72
Cash to close$64,128$26,500$26,500