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$331,281$331,281$985,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$654,219$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%6.432%7.42%
1st payment$1,574.62$1,574.62$6,676.12
2nd payment$0.00$4,225.16$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$216.67$216.67$216.67
MI / mo$265.23$265.23$197.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,380.68$6,605.84$7,414.05
Cash to close$763,719$109,500$109,500