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$70,009$70,009$359,999
Remaining term (yrs)13.713.730.0
Secondary amount$0$289,991$0
Funding fee$0$0$0
Note rate4.74%4.74%7.18%
Blended rate5.59%7.33%7.42%
1st payment$575.81$575.81$2,438.76
2nd payment$0.00$1,872.86$0.00
Taxes / mo$188.08$188.08$188.08
Insurance / mo$150.00$150.00$150.00
MI / mo$78.28$78.28$72.00
HOA / mo$99.00$99.00$99.00
Total monthly$1,091.17$2,964.03$2,947.84
Cash to close$329,990$40,000$40,000