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$327,886$327,886$414,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$86,114$0
Funding fee$0$0$0
Note rate6.65%6.65%7.18%
Blended rate7.2%7.574%7.42%
1st payment$2,142.49$2,142.49$2,804.58
2nd payment$0.00$645.85$0.00
Taxes / mo$219.58$219.58$219.58
Insurance / mo$166.67$166.67$166.67
MI / mo$152.96$152.96$82.80
HOA / mo$109.00$109.00$109.00
Total monthly$2,790.71$3,436.56$3,382.63
Cash to close$132,114$46,000$46,000