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$259,597$259,597$283,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$39,653$0
Funding fee$0$0$0
Note rate6.64%6.64%7.18%
Blended rate7.19%7.811%7.42%
1st payment$1,692.91$1,692.91$1,920.53
2nd payment$0.00$392.39$0.00
Taxes / mo$94.83$94.83$94.83
Insurance / mo$150.00$150.00$150.00
MI / mo$120.99$120.99$56.70
HOA / mo$66.67$66.67$66.67
Total monthly$2,125.41$2,517.80$2,288.73
Cash to close$55,403$15,750$31,500